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Ownership can be: (A) Legal and vested ownership (B) Legal and equitable ownership (C) Absolute and limited ownership (D) Trust and beneficial ownersh
Question

Ownership can be: (A) Legal and vested ownership (B) Legal and equitable ownership (C) Absolute and limited ownership (D) Trust and beneficial ownership
Choose the correct option:

A.

(A), (B), (C), and (D) all

B.

(B), (C) and (D) only

C.

(A), (B) and (C) only

D.

(A), (C) and (D) only

Correct option is B

Ownership can take several forms: • Legal and equitable ownership (B): One can hold legal ownership while another holds equitable ownership (e.g., trusteeship). • Absolute and limited ownership (C): Absolute ownership refers to unrestricted control, while limited ownership is restricted by terms or conditions. • Trust and beneficial ownership (D): Trust ownership refers to the title being held by a trustee, with the beneficiary holding the beneficial interest.

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