Owner

(redirected from Owners)
Also found in: Dictionary, Thesaurus, Financial, Encyclopedia.
Related to Owners: Owners Equity

Owner

The person recognized by the law as having the ultimate control over, and right to use, property as long as the law permits and no agreement or Covenant limits his or her rights.

West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.

owner

n. one who has legal title or right to something. Contrary to the cynical adage: "Possession is nine-tenths of the law," possession does not necessarily make one a legal owner. (See: own)

Copyright © 1981-2005 by Gerald N. Hill and Kathleen T. Hill. All Right reserved.

OWNER, property. The owner is he who has dominion of a thing real or personal, corporeal or incorporeal, which he has a right to enjoy and to do with as he pleases, even to spoil or destroy it, as far as the law permits, unless he be prevented by some agreement or covenant which restrains his right.
     2. The right of the owner is more extended than that of him who has only the use of the thing. The owner of an estate may, therefore change the face of it; he may cut the wood, demolish the buildings, build new ones, and dig wherever he may deem proper, for minerals, stone, plaster, and similar things. He may commit what would be considered waste if done by another.
     3. The owner continues to have the same right although he perform no acts of ownership, or be disabled from performing them, and although another perform such acts, without the knowledge or against the will of the owner. But the owner may lose his right in a thing, if he permit it to remain in the possession of a third person, for sufficient time to enable the latter to acquire a title to it by prescription, or lapse of time. See Civil Code of Louis. B. 2, t. 2, c. 1; Encyclopedie de M. D'Alembert, Proprietaire.
     4. When there are several joint owners of a thing, as for example, of a ship, the majority of them have the right to make contracts in respect of such thing, in the usual course of business or repair, and the like, and the minority will be bound by such contracts. Holt, 586; 1 Bell's Com. 519, 5th ed. See 5 Whart. R. 366.

A Law Dictionary, Adapted to the Constitution and Laws of the United States. By John Bouvier. Published 1856.
References in classic literature ?
Morrel," said Dantes, observing the owner's impatience, "here is your supercargo, M.
"But," replied the owner, glancing after Dantes, who was watching the anchoring of his vessel, "it seems to me that a sailor needs not be so old as you say, Danglars, to understand his business, for our friend Edmond seems to understand it thoroughly, and not to require instruction from any one."
"And why should he not have this?" asked the owner; "he is young, it is true, but he seems to me a thorough seaman, and of full experience."
'Speakun' o' Auckland--of course, Captun, you was never un Auckland?' 'Yus,' I says, 'I was un there very recent.' 'Oh, ho,' he says, very angry-like, 'so you was the smart Aleck thot fetched me thot letter from the owners: "We note item of fufteen pounds for pilotage ot Auckland.
Ot Hong-Kong I got a letter from the owners. The bill hod been sent tull them.
My mother, I suppose, attracted the attention of a purchaser who was afterward my owner and hers.
"Tell me, good man," said Don Quixote, "do you know who is the owner of this property?"
And so saying he gave Rocinante the spur, and Sancho followed him on foot and loaded, and after having partly made the circuit of the mountain they found lying in a ravine, dead and half devoured by dogs and pecked by jackdaws, a mule saddled and bridled, all which still further strengthened their suspicion that he who had fled was the owner of the mule and the saddle-pad.
The owner forgot his seasickness long enough to look anxious.
The next instant, to the perplexity and consternation of the owner, Charley was on top of Big Alec in the cockpit, and I was helping bind him with gaskets.
Pinocchio went to the owner of a circus, who wanted to teach him to do tricks for his audiences.
When the first part of the performance was over, the Owner and Manager of the circus, in a black coat, white knee breeches, and patent leather boots, presented himself to the public and in a loud, pompous voice made the following announcement: