In property law, which term refers to the right to sell or transfer ownership?

The term that refers to the right to sell or transfer ownership in property law is "title." Title represents legal ownership of a property, encompassing the rights to use, sell, or lease that property. When a person has title to a property, they possess the authority to make decisions regarding its transfer to others, enabling them to convey their ownership rights through sale or other means.

Possession, while important, merely indicates physical control over the property but does not grant the legal right to sell it. Equity relates to the concept of fairness in dealings and often pertains to rights or interests in property that arise from legal or equitable principles, rather than direct ownership. Liability refers to the legal responsibilities that one party may have to another, usually concerning debts or obligations, and does not pertain to property ownership or transfer. Hence, title is the term that accurately encapsulates the right to sell or transfer ownership in property law.