According to Salmond, the modes of acquiring property are as follows :
1. Possession :-
Possession of a thing is considered as the best mode of acquiring a property because possession of a person over a thing is considered as the best and prima-facie evidence of ownership. The possession of a material object is a title of the ownership of it. He who claims a chattel or a piece of land as his own and makes good his claim in fact by way of possession makes it good in law also by way of ownership. If a person in possession of a thing is deprived of the thing by a person other than the true owner, he can recover it.
2. Prescription :-
Prescription may be defined as the effect of lapse of time in creating and destroying a right. It is of two kinds :-
a) Positive or Acquisitive Prescription :-
It is the creation of a right by lapse of time. An example of this prescription is the acquisition of a right of way, light, air or water by the de facto use or exercise of such right continuously, peaceably and without any interruption for a period of 20 years or more.
b) Negative or Extinctive Prescription :-
It is the destruction of a legal right by lapse of time. An example of this kind of prescription is the destruction of right to sue for recovery of the property after the time prescribed by Law of Limitation for the purpose.
3. Agreement :-
Agreement is considered as an important mode of acquiring the property. For example Acquisition of property by sale, mortgage, gift, exchange, licence, lease etc are the cases of acquiring property legally.
4. Inheritance :-
According to Salmond the fourth and last mode of acquisition of property is inheritance. In respect of the death of theirs owners all rights are divisible into two classes being either inheritance or uninheritable. A right is inheritable if it survives its owner while it is uninheritable if it dies with him. The uninheritable rights are so intimately connected with the personality of the person in whom they are vested that they are incapable of separate and continued existence. They are not merely divested by death but are wholly extinguished, for example right to life, liberty and reputation.
It is said that proprietary rights are usually inheritable while personal rights, that is right of status are usually uninheritable. In case of proprietary rights, death is a divestitive but not an extinctive fact. The rights which a dead man leaves behind him vest in his legal representatives called legal heirs.
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