2 Modes of Acquiring Ownership
Generally, there are two (2) kinds of modes of acquiring ownership: original and derivative. Derivative modes refer to those where there is a previous owner. Original modes refer to those where the person who acquires ownership is the first owner.
[1] Original modes: Occupation and intellectual creation.
[2] Derivative modes: Law, donation, testate and intestate succession, tradition as a consequence of certain contracts, prescription. (Art. 712 of the Civil Code)
[1] Original modes: Occupation and intellectual creation.
[2] Derivative modes: Law, donation, testate and intestate succession, tradition as a consequence of certain contracts, prescription. (Art. 712 of the Civil Code)
CIVIL CODE: Article 712. Ownership is acquired by occupation and by intellectual creation.
Ownership and other real rights over property are acquired and transmitted by law, by donation, by testate and intestate succession, and in consequence of certain contracts, by tradition.
They may also be acquired by means of prescription.
