Ownership vs possession explained in property law. If someone steals your car, who legally possesses it? Understanding bailment, legal title, and the bundle of rights behind property rights and civil liability. If someone steals your car… who actually possesses it? Ownership and possession are not the same thing in law. When you hand your keys to a valet, you still hold legal title — but possession shifts through something called bailment. If a thief takes the car, they hold wrongful possession
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