Discuss the meaning and concept of Property and functions of property? Explain the kinds of Property.
Discuss the meaning and concept of Property and functions of property? Explain the kinds of Property. Meaning and Concept of Property in Indian Law In Indian law, the term "property" encompasses a broad range of rights, interests, and privileges that a person may have over various tangible or intangible objects or entities. Property in India is governed by various statutes, including the Indian Penal Code, 1860 (IPC) , the Transfer of Property Act, 1882 , the Indian Contract Act, 1872 , and the Constitution of India . Property refers to anything that can be owned, controlled, or possessed. It may be movable or immovable and can include both physical objects and intangible rights or interests. In Indian law, the concept of property is more focused on the legal rights associated with the ownership and possession of an item rather than the physical object itself. The Constitution of India under Article 300-...