Final answer:
The person who has ownership rights and powers in a policy is typically the property owner or the individual/entity assigned those rights.
Step-by-step explanation:
In the context of policy, the person who has ownership rights and the powers that go with them is typically the property owner or the individual or entity assigned those rights and powers. In legal terms, this is referred to as the 'owner'.
For example, in property law, the owner of a piece of land has the exclusive right to use, transfer, or modify the land as they see fit, within the limits of the law. They also have the power to enforce these rights against others, such as by filing a lawsuit for trespassing.
Understanding the concept of ownership is important in various areas of law, such as property law, contract law, and intellectual property law.