Question

In: Accounting

The majority of homeowners do not understand the concept of proof of ownership. Explain

The majority of homeowners do not understand the concept of proof of ownership. Explain

Solutions

Expert Solution

Proof of ownership is a certificate or certificates, electronic or book entry evidencing shares awarded subject to achievement of the operational goal or delivered to the extent the operational goal have been achieved.

To own a property, you need specific real documents to support your right to the property. Real property includes any structure on the land, any person's rights and interests related to the property, and national part of the land.

Proof of ownership can be provided by certificate of federal registration. It act as a prima facie evidence of ownership of mark. In case of mark that are not federally registered, proof of ownership can been provided by producing evidence of use of the mark in commerce before any other party 's use of the mark. Regarding mark affixed to the good, proof can include a bill of sale of goods bearing the marks, proof of ownership included brochures or other advertising showing the mark.


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