Final answer:
The correct statement is that possession must be actual, exclusive, open, visible, continuous, peaceable, hostile, and adverse.
Step-by-step explanation:
The correct statement regarding the characteristics of possession and a legal principle related to it is option A) Possession must be actual, exclusive, open, visible, continuous, peaceable, hostile, and adverse.
Possession of property is legally recognized when it meets certain criteria. According to the Principle of Justice in acquisition and transfer, a person can acquire a holding if they meet the requirements of possession, such as being the actual owner, having exclusive control, and openly displaying their possession. Additionally, possession must be continuous, peaceable, hostile, and adverse in relation to others who may claim the property.