ObjectiveMcq
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Assertion: The acquisition of ownership by possession under Chapter IV of the Limitation Act, 1963, provides a mechanism for resolving disputes over property rights arising from long-term possession.
Reasoning: This mechanism does not promote legal certainty and stability in property transactions by recognizing and regularizing ownership based on practical realities and the passage of time.
Correct Answer: C — A is true, but R is false
Is true, but R is false. *The assertion correctly identifies that the acquisition of ownership by possession, also known as adverse possession, offers a mechanism for resolving disputes over property rights that arise from long-term possession.