Question: What Is A Special Property?

What is general property?

general property is the ownership, in view of the identification of the special.

property with possession..

What is the difference between general property and special property?

h)Property: means general property in goods and not merely a special property. For example: A owns goods and pledges them to B. A has a general property in the goods, whereas B has a special property (or interest) in them. i)Quality of goods: includes the condition or state of the goods.

What is special property valuation?

The aim of valuation is to achieve the best estimate of the transaction price of property. The market of specialised properties is very diverse as property does not transact sufficiently often to allow the establishment of price by comparison with previously sold assets.

What do you mean by transfer of property?

It contains specific provisions regarding what constitutes a transfer and the conditions attached to it. It came into force on 1 July 1882. According to the Act, ‘transfer of property’ means an act by which a person conveys the property to one or more persons, or himself and one or more other persons.

What is property and its types?

Property is a relation of a person, juristic person or entity with an object upon which such person holds a right over it. … In India, the concept of “Property” has been dealt with various enactments such as Benami Transactions (Prohibition, Act), 1988 and Sale of Goods Act, 1930.

What is a special purpose property?

Special purpose or special use properties are properties having limited or specialized uses such as religious buildings, private schools, hospitals, theaters, museums, campgrounds and other specialized properties.

What are special terms?

Special Terms means any terms which are additional to the terms set out in the Call-Off Agreement which are agreed between a Contracting Body and the Supplier and are specified in the Order; Sample 2. Based on 18 documents. 18.

What is an example of a special purpose property?

A special-purpose property is defined as a property that has limited utility and marketability other than for its original use. These properties may include a hazardous waste facility, an oil refinery, or a specialized manufacturer.

Which building is a special use property?

Special-purpose properties such as churches, schools, and public buildings, which are seldom bought and sold in the open market, can be valued on the basis of value in use. The value in use to a specific person may include a sentimental value component.

What are the 3 types of property?

In economics and political economy, there are three broad forms of property: private property, public property, and collective property (also called cooperative property).

What is meant by property law?

Property, an object of legal rights, which embraces possessions or wealth collectively, frequently with strong connotations of individual ownership. In law the term refers to the complex of jural relationships between and among persons with respect to things.