Q. What is subject matter of ownership? Explain. [4 marks - 2022]
Subject Matter of Ownership
The subject matter of ownership is a legal right to possess something, and is determined by a state's legal system. The subject matter of ownership can be material or immaterial:
- Material ownership: Tangible items like property, land, a car, or a book
- Immaterial ownership: Intangible items like a patent, copyright, or trademark
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