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When owner’s title is already perfect the ownership is called?
Contingent ownership
Corpored ownership
Vested ownership
Equitable ownership
- Option 1: Contingent ownership
- Ownership is dependent on a future event.
- The owner has rights that are not yet guaranteed.
- Option 2: Corporeal ownership
- Ownership of physical, tangible property.
- Involves direct control over the physical object.
- Option 3: Vested ownership
- Ownership is certain and unconditional.
- The owner's title is already perfect and complete.
- Option 4: Equitable ownership
- Reflects benefits from property use or income.
- Legal title might be held by another person.
By: Parvesh Mehta ProfileResourcesReport error
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