Explain the mode of acquisition - occupation, Business Law and Ethics

Explain the mode of acquisition - occupation

The mode of acquisition is occupation. It is a means by which a State can acquire territory which belongs to no other entity. The occupation must be effective and must be intended as a claim of sovereignty over the area. Initially, people used to acquire land by use of force and spread their boundaries gradually. A new norm was formulated under the UN Charter 2(4) which prohibited the use of force in order to occupy a territory. For example, Israel occupied a territory in west bank of Gaza. It was however, not given legal acceptability.

Posted Date: 5/30/2013 2:39:55 AM | Location : United States







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