absolute owner
A person in whom are combined at one time the right of possession, and the right of property. Harris v Southeast Portland Lumber Co., 123 Or 549, 262 P 243. A vendee in possession under an executory contract for the purchase of the property is an absolute owner for purposes of fire insurance. Libby Lumber Co. v Pacific States Fire Ins. Co. 79 Mont 166, 255 P 340. Each of two persons owning in severalty respective shares of personal property insured is the absolute owner of the property, within the meaning of a question and answer as to such ownership in an application for insurance thereon. Beebe v Ohio Farmers Ins. Co., 93 Mich 514, 53 NW 818.

Ballentine's law dictionary. . 1998.

Look at other dictionaries:

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