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Simple English definitions for legal terms
legal possessor
Read a random definition: special use
A quick definition of legal possessor:
A legal possessor is someone who has possession of something, like a piece of land or an object, and has the right to control it. This means that they are allowed to use it and keep others from using it without permission. There are different types of possessors, like those who believe they have the right to possess something and those who know someone else has a better right to it. But a legal possessor is someone who has the legal right to possess something, like a buyer who has a contract to buy something but doesn't yet own it.
A more thorough explanation:
A legal possessor is someone who has the right to possess property, either because they are currently in possession of it or because they have a legal agreement that gives them the right to possess it. This is different from a legal owner, who may hold the title to the property but does not necessarily have the right to possess it.
- Possessor: John is living in a house that he is renting from the owner. He is the legal possessor of the property because he has the right to possess it under the terms of his lease agreement.
- Legal Possessor: Sarah has purchased a car under a conditional sales contract. Even though the dealership still holds the title to the car, Sarah is the legal possessor because she has the right to possess and use the car as long as she makes her payments.
- Possessor Bona Fide: Tom finds a lost wallet on the street and takes it home with him, believing that no one else has a better right to possess it. He is a possessor bona fide because he is acting in good faith.
- Possessor Mala Fide: Lisa steals a bike from her neighbor's yard and keeps it in her garage. She knows that her neighbor has a better right to possess the bike, but she keeps it anyway. Lisa is a possessor mala fide because she is acting in bad faith.
These examples illustrate the concept of legal possession and the different types of possessors. A legal possessor has the right to possess property, while a possessor bona fide believes they have the right to possess it and a possessor mala fide knows they do not have the right to possess it but keeps it anyway.