In relation to law of property: Discuss the ways in which a person can lose ownership
ANSWER
Loss of ownership
- By a voluntary act e.g. transfer
- Retransfer
- Operation of law, e.g. death or bankruptcy
- Displacement by new owner (adverse possession).
- Destruction of tangible assets.
- Lapse of time or discharge for tangible assets.
- Abandonment
- Extinction or forfeiture
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