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Property is any external thing. It can be tangible, having physical form, or intangible such as a right of way, a right of first refusal, a stock option.
Possession is fact of having property within one's power, ownership, the exclusive right to use and enjoy property.
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∙ 13y ago
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What is the difference between antenuptial and prenuptial agreement?
There is no difference between ante nuptial and prenuptial agreement. They both mean the same thing which is an agreement made by two people before getting married relating to possession of their property.
What is difference between immovable and movable property?
compare between movable and immovable property
What is the difference between estafa and qualified theft?
The principal distinction between the two crimes is that in theft the thing is taken while in estafa the accused receives the property and converts it to his own use or benefit.However, there may be theft even if the accused has possession of the property. If he was entrusted only with the material or physical (natural) or de factopossession of the thing, his misappropriation of the same constitutes theft, but if he has the juridical possession of the thing, his conversion of the same constitutes embezzlement or estafa. ("Juridical possession" means a possession which gives the transferee a right over the thing which the transferee may set up even against the owner.)A sum of money received by an employee in behalf of an employer is considered to be only in the material possession of the employee.NOTE: This answer is based on Philippine law and jurisprudence.
What is the difference between guardian of a person and guardian of a property?
a guardian of a person makes sure that person is safe. a guardian of property makes sure your property doesn't get destroyed
What is the difference between property tax and sales tax?
Property tax is an annual assessment that is levied continually. Sales tax is paid when you purchase something and is added to the sales price.
What is the difference between Possession of Stolen Property and Receiving Stolen Property?
Possession means that you have the property, chances are you knew it was stolen. Receiving Stolen Property means that you got it and you knew it was stolen. Typically this would be the person that bought it from a thief.
What is the difference between antenuptial and prenuptial agreement?
There is no difference between ante nuptial and prenuptial agreement. They both mean the same thing which is an agreement made by two people before getting married relating to possession of their property.
What is the difference between renting a property and having a mortgage?
The difference between renting a property and having a mortgage is that when you have a mortgage you are buying the property.
What happens if a farmer could not make his mortg age payments?
The lender will take possession of the property by foreclosure.The lender will take possession of the property by foreclosure.The lender will take possession of the property by foreclosure.The lender will take possession of the property by foreclosure.
Does you spouse name have to be on a mortgage?
All the owners of the property must sign the mortgage so that the lender can take possession of the property in the case of a default. Property rights between married couples vary by state and vary between community property and separate property states. You need to check with an attorney in your jurisdiction.All the owners of the property must sign the mortgage so that the lender can take possession of the property in the case of a default. Property rights between married couples vary by state and vary between community property and separate property states. You need to check with an attorney in your jurisdiction.All the owners of the property must sign the mortgage so that the lender can take possession of the property in the case of a default. Property rights between married couples vary by state and vary between community property and separate property states. You need to check with an attorney in your jurisdiction.All the owners of the property must sign the mortgage so that the lender can take possession of the property in the case of a default. Property rights between married couples vary by state and vary between community property and separate property states. You need to check with an attorney in your jurisdiction.
What is difference between immovable and movable property?
compare between movable and immovable property
What is the difference between a survivorship deed and a transfer on death deed?
All the grantees on a survivorship deed own the property and each has the right to the use and possession during their life.The beneficiary in a transfer on death arrangement only acquires rights in the property upon the death of the owner.
Can a remainderman lease property of a lifetime estate to a leasing company without the life tenant's consent?
No. The life tenant has the right to the use and possession of the property for life.No. The life tenant has the right to the use and possession of the property for life.No. The life tenant has the right to the use and possession of the property for life.No. The life tenant has the right to the use and possession of the property for life.
What is the difference between tenancy by the entireties and absolute ownership?
Tenancy by the entirety is the way legally married people can hold title to their property. It means that when one dies the other automatically becomes the sole owner of the property. Absolute ownership means that you own the fee interest in the property. You have the right to the use and possession of the property and can leave it to your heirs when you die.
Which property is the difference between fogs and clouds?
Location
How should husband take possession of property he inherited?
He should take all the possession of the property he inherited. Of course if the wife did not inherit any of the property.
What happens if you can't pay your second mortgage?
The lender can foreclose and take possession of your property subject to the first mortgage.The lender can foreclose and take possession of your property subject to the first mortgage.The lender can foreclose and take possession of your property subject to the first mortgage.The lender can foreclose and take possession of your property subject to the first mortgage.
