What exactly is corporeal property?
Before we begin to grasp corporeal property, we should first define the term property. The term ‘Property’ derives from the French word ‘Proprietary,’ which implies possessing anything, whether material or intangible in nature.
What exactly is corporeal property?
Corporeal property refers to materialistic or physical belongings or ownerships such as a home, vehicle, boat, or ring. A corporeal property is something that can be felt and possessed by someone.
What exactly is incorporeal property?
The ownership of incorporeal property is described as the ownership of something that cannot be touched or felt. As a result, it is intangible in nature. Intangible or incorporeal possessions include, among other things, shares, copyrights, patents, trademarks, and stakes.
What are the different kinds of corporeal properties?
The sorts of corporeal characteristics may be classified into two categories:
Portability or movable feature
A property can be classified according to its movability or immovability.
Moveable properties
Properties that can be moved are ones that can be taken with you. You may carry these items with you whenever and wherever you wish. Clothing, jewellery, animals, leases, harvests, and other items are examples of mobile assets.
Immovable properties
Immovable properties are physical belongings that, despite the owner’s wishes, cannot be moved or transferred to another location. A home or a plot of land, for example, is an immovable item that cannot be moved but can only be sold or transferred. Section 3 of the General Clauses Act of 1897 and Section 2(6) of the Indian Registration Act of 1908 govern this.
Personal And Real Estate
Real estate
It is defined as the ownership rights to land or anything that cannot be transferred.
Personal property
It refers to property ownership that may be relocated with a person.
Comparing Corporeal And Incorporeal Qualities
We can readily see from the description of properties that tangible properties are deemed corporeal. The ones we can’t touch but have a certain value are referred to be incorporeal. The primary difference between the two groups is the sense of touch.
The tangibility of physical property may be felt. For example, suppose a material thing receives a patent but cannot be handled. As a result, the item you invented is a corporeal property, whereas the concept is incorporeal.
Correspondences between corporeal and incorporeal characteristics
Both sorts of property are legally protected. As the rightful possessor of a property, whether corporeal or incorporeal, an owner is protected. Property and ownership are defined under Article 21 of the Indian Constitution.
This is all about describing corporeal qualities and distinguishing them from incorporeal ones. While tangible private properties are held by a single individual, public properties are owned by everyone.
Disclaimer: The views expressed above are for informational purposes only based on industry reports and related news stories. PropertyPistol does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information.
