Legal Definitions - full right

The term full right describes a situation where an individual or entity possesses both the legal ownership of an asset and physical control over it. It signifies complete and undisputed entitlement, meaning there are no outstanding claims or disputes regarding either the legal documentation of ownership (known as "good title") or the physical possession of the item.

Here are some examples to illustrate this concept:

• Example 1: A Homeowner

  Imagine a person named Emily who recently purchased a house. She has signed all the necessary legal documents, and the deed to the property is officially recorded in her name. She has also moved into the house and lives there daily. In this scenario, Emily holds the good title because the legal documents confirm her ownership, and she has actual possession because she physically occupies and controls the property. Therefore, Emily has the full right to her home.

• Example 2: A Car Owner

  Consider David, who bought a new car from a dealership. He received the vehicle's title, which is registered in his name with the Department of Motor Vehicles, and he drives the car regularly for his commute and personal use. David possesses the good title through the official registration documents, and he has actual possession because he physically controls and uses the car. This combination means David has the full right to his vehicle.

• Example 3: A Business Owning Equipment

  A manufacturing company, "InnovateTech," purchases a specialized piece of machinery for its production line. InnovateTech has a bill of sale and a warranty agreement from the manufacturer, proving its legal acquisition. The machinery is delivered to their factory, installed, and is actively used by their employees. InnovateTech holds the good title through the purchase documentation, and they have actual possession as the machinery is physically on their premises and under their operational control. Thus, InnovateTech has the full right to the equipment.