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In 2007, the expectation was that the rate of car ownership would be increasing almost everywhere, and rise very rapidly indeed in countries such as China and India. [16] About ten years later, however, there is a trend from car ownership towards shared mobility , [ 17 ] [ 18 ] [ 19 ] as countries try to reduce congestion and pollution caused ...
The registration certificate often also acts as proof of ownership, though technically this is not the case. [4] Ownership is governed by common law. Ownership of the vehicle (if a secured financial asset) may be checked through the Personal Property Securities Register of the federal government, though this is not a mandatory register. [5]
American state-issued registration certificate from 1917. A vehicle registration certificate is an official document providing proof of registration of a vehicle. It is used primarily by governments as a means of ensuring that all road vehicles are on the national vehicle register, but is also used as a form of law enforcement and to facilitate change of ownership when buying and selling a ...
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According to Section 6 of the Transfer of Property Act, the property of any kind may be transferred. The person insisting non-transferability must prove the existence of some law or custom which restricts the right of transfer. Unless there is some legal restriction preventing the transfer, the owner of the property may transfer it.
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Properties that are sold on the basis of equitable title have a legal chain of title intact, and a recorded transfer with the local municipality. Legal title is actual ownership of the property as when the property has been bought, the seller paid in full and a deed or title is properly recorded. Equitable title separates from legal title upon ...