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TMI BlogPropertyX X X X Extracts X X X X X X X X Extracts X X X X ..... y, to possess it, to use it, and to exclude every one else from interfering with it. That dominion or indefinite right of use or disposition which one may lawfully exercise over particular things or subjects. The exclusive right of possessing, enjoying, and disposing of a thing. The highest right of man can have to anything; being used to refer to that right which one has to lands or tenements, goods or chattels, which no way depends on another man's courtesy. The word is also commonly used to denote everything which is the subject of ownership, corporeal or incorporeal, tangible or intangible, visible or invisible, real or personal; everything that has an exchangeable value or which goes to make up wealth or estate. It extends to eve ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... property" among others. The above definition shows the wide meaning attached to the expression. It is said to extend to every species of valuable right and interest. It denotes every thing which is the subject of ownership, corporeal or incorporeal, tangible or intangible, visible or invisible, real or personal. It includes "everything that has an extendable value". It extends to every species of valuable right and interest. In the Dictionary of Commercial Law by A.H. Hudson (published by Butterworths, 1983). It reads: "Property: In commercial law this may carry its ordinary meaning of the subject-matter of ownership, e.g., in bankruptcy referring to the property of the debtor divisible amongst creditors. But elsewhe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... roperty in reality is acquired by entry, conveyance, or devise; and in personality, by many ways, but most usually by gift, bequest, or sale. Under the Law of Property Act, 1925, s. 205, 'property' includes anything in action and any interest in real or personal property. There must be a definite interest; a mere expectancy as distinguished from a conditional interest is not a subject of property. 'Property' also signifies a beneficial right in or to a thing. Sometimes the term is used as equivalent to ownership; as where we speak of the right of property as opposed to the right of possession (q.v.), or where we speak of the property in the goods of a deceased person being vested in his executor. The term was chiefly used ..... X X X X Extracts X X X X X X X X Extracts X X X X
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