Explanation:

does not interfere, as a result of acquisition they cease to own property

The concept of property occupies an important place in human life because it is virtually impossible to live without the use of material objects which constitute the subject matter of property.

The concept of property and ownership are very closely related to each other. The two are mutually interdependent and correlative. One necessary implies the existence of the other. There can be no property without ownership and no ownership without property.

In modern times, apart from its common use, ‘property’ is used in a wider sense also. In its widest sense, it includes all the rights which a person has. Thus a person’s life, liberty, reputation and all other claims which he might have against other persons is his property.

The term property is used also to denote the proprietary rights of a man as opposed to his personal rights. In this sense, it means a person’s land, house, his shares in a business concern etc.