3. • Austin’s definition - Ownership means a right which avails against everyone who is subject
to the law conferring the right to put thing to user of indefinite nature.
• Salmond’s definition - Ownership, in its most comprehensive signification, denotes the
relation between a person and any right that is vested in him. That which a man owns is in all
cases a right.
• Holland - Defines ownership as “a plenary control over an object”. According to him, an
owner has three kinds of powers, they are – possession, enjoyment and ownership.
Definition of ownership
4. Elements of
ownership
(1)Ownership is indefinite in point of
user
(2)Ownership is unrestricted in point of
disposition
(3)The owner has the right to possess the
thing which he owns
(4)The owner has the right to exhaust the
thing while using it
(5)Ownership has residuary character
(6)The owner has the right to alienate or
destroy the thing he owns
5. Subject matter of
ownership
• Material objects like land,
chattels, etc.
• Wealth and assets of a
person
• Intellectual property like
patents, copyrights etc.
6. Modes of acquiring
ownership
• Original – Res nullius, accession, occupation
and specification
• Derivative – From previous owner
7. 1.Corporeal and Incorporeal
2. Sole ownership and Co-
ownership
3. Trust and Beneficial
4. Legal and Equitable
5. Vested and Contingent
Types of ownership
8. • To sum up, this presentation has discussed the concept and definition of ownership by various
jurists, the elements of ownership, the modes of acquisition, and the various kinds of ownership.
• Ultimately, the concept of ownership is not a static or isolated one; it is intertwined with how
societies organize and govern themselves. It influences our daily lives, economic structures, and
the pursuit of justice.
Conclusion
