Question

Ownership which is imperfect but capable of being made perfect on fulfillment of some condition is

• A. Vested ownership
• B. Trust ownership
• C. Equitable ownership
• D. Contingent ownership

Hint:

Contingent ownership hinges on future events, unlike vested ownership, which is immediate and unconditional.

Answer 1

The Correct Option is D

Contingent ownership is imperfect ownership dependent on fulfilling a condition (e.g., a will’s condition), which, once met, becomes perfect. Vested ownership is already perfect, and equitable ownership pertains to trust law. Thus, the correct answer is: \[ {\text{Contingent ownership}} \]