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EXISTENCE OF CO-OWNERSHIP
Article 484 of the Civil Code of the Philippines states that there is co-ownership whenever the ownership of an undivided thing or right belongs to different persons
May a thing or right be owned by two or more persons?
The law says: Yes.
Article 484 of the Civil Code of the Philippines states that there is co-ownership whenever the ownership of an undivided thing or right belongs to different persons.
The Supreme Court defined Co-ownership in the case of Vagilidad v. Vagilidad, Jr., G.R. No. 161136, November 16, 2006, as the right of common dominion which two or more persons have in a spiritual part of a thing, not materially or physically divided. Before the partition of the property held in common, no individual or co-owner can claim title to any definite portion thereof. All that the co-owner has is an ideal or abstract quota or proportionate share in the entire property.
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Alburo Alburo & Associates Law Offices:
• Have labor law and business law as our main fields of practice. For almost a decade now, we have been helping businesses improve their productivity and profitability by helping them comply with relevant laws, rules, and regulations.
• Observe high standards of excellence.
• Always consider innovative approaches to effectively address the legal concerns of our clients, covering a wide range of industries such as food, manufacturing, chemicals, real estate, retail and wholesale trade, and services in fields such as information technology, human resources, security, training, process outsourcing and other manpower services, among many others.
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