Business, Legal & Accounting Glossary
A ‘personal right’ to property is distinguishable from a Property right strictly defined, in that a personal right does not have the characteristics of durability or transmissibility. Thus a personal right may be of short duration, or enforceable only against one person, or vested in only one person. A licence may be considered a form of personal right (see: Licence) over land.
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This glossary post was last updated: 6th April, 2020 | 2 Views.