Discuss the ways in which a person can lose ownership.

      

Discuss the ways in which a person can lose ownership.

  

Answers


Maurice
(i) By a voluntary act for example, transfer.

(ii) Retransfer.

(iii) Operation of law, for example death or bankruptcy.

(iv) Displacement by new owner (adverse possession).

(v) Destruction of tangible assets.

(vi) Lapse of time or discharge for tangible assets.

(vii) Abandonment.

(viii) Extinction or forfeiture.
maurice.mutuku answered the question on April 28, 2018 at 09:30


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