private ownership

8/7/2019 Private Ownership

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PRIVATE OWNERSHIP


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Man cannot live his life on earth without using the

material goods with which the earth abounds. In doing

so he makes them his OWN, his PROPERTY.

Ownership is the right of exclusive control and

disposal over a thing at will. What is owned is

PROPERTY.

Ownership is PUBLIC if the property belongs to a

community ; Otherwise it is PRIVATE.


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The words mine and thine represent notions too

elementary to be made simpler. The expression

ones own universalizes the idea and makes it

applicable to any person.

Things owned are said to belong to the owner and

are called his belongings. So much any childknows. So ones own is proper, an owner is a

proprietor, ownership is proprietorship, and

belongings are property.


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1. a RIGHT

- We distinguished between ownership and themere holding of a thing in ones possession. A

THIEF has possession of stolen goods, but he

does not own them because he cannot acquire a

right to them.


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2. EXCLUSIVE

This means keeping others from the use of the

thing owned. A thing over which everybody has

equal rights is not owned at all.

Several or many persons may own a thing together,

either in joint. Ownership or as a corporation, but

anyone outside the group is excluded from the

property.


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3.CONTROLANDDISPOSAL

- Means anything possible with it: keeping,

changing, giving a way, selling, using,

consuming, destroying.

- Of itself ownership is unlimited, though

limitations may come from another source:

- From rights of a higher order, from love of the

neighbor, or from the civil law.


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4.OVERATHING

-The matter of the right cannot be further detailed

except to say that whatever can be controlled or

disposed of can be owned.

We think of it first as a material object, but it can

be actions, services, goodwill, or credit.


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5.ATWILL

The owner acts for himself, in his own name, and

need consult no one else as far as mere ownership

is concerned. An agent or trustee may be given

the right to control a thing or dispose of it, but

only on behalf of the owner and his name.


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May be defined as that which is owned or that over

which one has the exclusive right of control and

disposal at will. Not everything is or can becomeproperty.


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The whole community as such can own property:

the federal government, the state, the county, the

city.

Full Ownership supposes right of control over allthree: Limited ownership over any one or two of

these, but not over all three together.

Lending , borrowing, renting, leasing and the like

render ownership is limited.

Ownership over the substance is called direct

ownership: over the use or fruits or both, indirect.


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The right ownership or the right to property in

its simplest and most primitive form enable man

to take and use his sustenance, comfort and

development the goods that natures bounty

provides.

Man has a natural capacity for ownership. He

has intellect and will, by which he an indicate his

intention of keeping material goods for his own

use and of excluding others from them.


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The natural law gives a man a right to life, and

also to the kind of life befitting a human being.

A decent life with opportunity for physical,

mental and moral self development. The use of material goods is absolutely necessary

for the maintenance of life and for proper sel-

development.

The natural law gives every man the right to usethe material goods of this world.


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The general principle solving such conflicts is

that the stronger right prevails.

Property is for life, not life for property.

Life is identified with the man himself: propertyis but a means to support life and minister to its

need.

Life is indivisible. Property is divisible.

Mans right to use material goods for themaintenance of his life prevails, as the stronger

right, over ant acquired right to property.


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The owner is entitled

private ownership

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