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Inside the wide area of the law of personal property there are two fundamental issues that govern the majority of the transactions made by people in their everyday lives. They are the issues of ownership and possession and how the law recognises them. Property means ownership. Ownership is defined as the exclusive right to use, possess, and dispose of property, subject only to the right of the persons having a superior interest and to any restriction on the owner’s rights imposed by agreement with or by act of third parties or by operation of law. Ownership may be corporal, which means a material thing that may be movable or immovable, or incorporeal, that means something intangible, such as a copyright or a patent. The owner can change some of these rights, for example the owner of land can grant a right of way. Furthermore, ownership can be held by different persons for different interest. This is the case when an owner of a freehold piece of property or land grants a lease or when land is settled on persons with interests in succession to one another. Finally, more than one person can own the same property at the same time. They may be either joint owners with a single title to the property or owners in common, each havin