Final answer:
The indefeasibility principle ensures that the right of the property owner named on the title is protected and cannot be challenged without evidence of fraud. This principle is crucial for the stability of property transactions and ownership. Taxation principles, while significant in their realms, do not alter the concept of indefeasibility in property law.
Step-by-step explanation:
The principle that the person named on a particular certificate of title is entitled to a fee simple interest in that property, free from condition or encumbrance that is not shown on title, is known as the indefeasibility principle. This principle asserts that once a person's right to property is recorded on a title, it cannot be challenged or annulled by subsequent claims, unless the acquisition was fraudulent.
Aspects of obtaining or transferring property must align with the Principle of Justice in acquisition and transfer, which underpins the legal foundation for owning and exchanging property. Moreover, any agreements or contracts concerning one's property can only be made if the property is rightfully owned, reflecting the importance of the indefeasibility principle in ensuring clear and incontestable property rights.
There are conflicting principles related to taxation, namely the benefit principle of taxation, where taxes are proportionate to benefits received, and the ability to pay principle, suggesting that those with greater financial capacity should bear a larger tax burden. These taxation principles, however, are separate from the principles governing property rights and title indefeasibility.