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Accession is the right of an owner of property such as plants or animals to increase in the property. The owner of a cow, for example, owns the calves born to the cow.
A method of gaining property known as accession property law entails the labor- or material-based addition of value to the property.
According to property law, accession refers to the process of obtaining property by enhancing existing property with labour or raw materials like plants. Owning property automatically grants the right to hold anything that is contributed to or created by it .
An illustration of accession is as follows: If someone permits someone else to harvest undesired alfalfa from their land and make it into bales of feed for livestock, that person may then acquire the finished product.
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ACCESSION
Accession is the right of an owner of property such as plants or animals to increase in the property. the owner of a cow, for example, owns the calves born to the cow.
Accession acquired in virtue of transferred ownership- Where such accession has been acquired at the expense of the mortgagee, and is capable of separate possession or enjoyment without detriment to the principal property, the mortgagor desiring to take the accession must pay to the mortgagee the expense of acquiring
Property rights allow people to be entrepreneurial. And enterprise allows people to create wealth and prosper. The security of property allows people to pursue their enterprise.
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