absolute ownership


absolute ownership
Ownership of property is either absolute or qualified. The ownership of property is absolute when a single person has the absolute dominion over it, and may use it or dispose of it according to his pleasure, subject only to general laws.
The ownership is qualified when it is shared with one or more persons, when the time of enjoyment is deferred or limited, or when the use is restricted. Calif.Civil Code, No.No. 678-680.
There may be ownership of all inanimate things which are capable of appropriation or of manual delivery; of all domestic animals; of all obligations; of such products of labor or skill as the composition of an author, the goodwill of a business, trademarks and signs, and of rights created or granted by statute. Calif.Civil Code, No. 655.

Black's law dictionary. . 1990.

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  • absolute ownership — ➔ ownership * * * absolute ownership UK US noun [U] ► LAW the fact of owning something completely, without any limits: »The applicant was not judged to have absolute ownership of the car, and did not therefore have the right to sell the vehicle …   Financial and business terms

  • absolute ownership — see ownership Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • absolute ownership — exclusive buying rights, complete control …   English contemporary dictionary

  • ownership — own·er·ship n: the state, relation, or fact of being an owner; also: the rights or interests of an owner reduced their ownership by one third absolute ownership: ownership esp. by a single person that is free of any encumbrances or limitations… …   Law dictionary

  • ownership — own‧er‧ship [ˈəʊnəʆɪp ǁ ˈoʊnər ] noun [uncountable] COMMERCE the state of owning something: • Car ownership by teenagers tripled during the decade. • Home ownership is more common in Britain than in Europe generally. • Limited partnerships give… …   Financial and business terms

  • absolute — ab·so·lute adj 1 a: free from qualification, condition, exception, or restriction rights that even seem absolute have these qualifications Long v. Rockwood, 277 U.S. 142 (1927) see also absolute ownership at ownership compare …   Law dictionary

  • absolute — [ab′sə lo͞ot΄, ab΄sə lo͞ot′] adj. [ME absolut < L absolutus, pp. of absolvere, to loosen from: see ABSOLVE] 1. perfect; complete; whole [absolute silence] 2. not mixed; pure [absolute alcohol] 3. not limited by a constitution, parliament,… …   English World dictionary

  • ownership — Collection of rights to use and enjoy property, including right to transmit it to others. Trustees of Phillips Exeter Academy v. Exeter, 92 N.H. 473, 33 A.2d 665, 673. The complete dominion, title, or proprietary right in a thing or claim. The… …   Black's law dictionary

  • Absolute Interest — Total and complete ownership of an asset or property. An individual with an absolute interest has both a legal and beneficial possession of said asset or property. The term absolute interest indicates that the owner s interest is not diluted by… …   Investment dictionary

  • Ownership — Own redirects here. For other uses, see OWN (disambiguation). For ownership of articles in Wikipedia, see Wikipedia:Ownership of articles …   Wikipedia