Summary
Ownership—the relation between a person and a right vested in him.
Ownership The three beneficial relations between persons and rights.
Possession
Encumbrance
The kinds of Ownership.
1. Corporeal and incorporeal.
The ownership of things and that of rights.
The ownership of rights and the right of ownership.
Res corporales and res incorporales.
Diferent uses of the term res or thing.
(a) A material object.
(b) The object of a right.
Material and immaterial things.
(c) The object of ownership.
Corporeal and incorporeal things.
2. Sole ownership and co-ownership.
Joint ownership and ownership in common.
3. Trust and beneficial ownership.
The nature of trusts.
The purposes of trusts.
4. Legal and equitable ownership.
5. Vested and contingent ownership.
Conditions precedent and subsequent.
Contingent and determinable ownership.