Which law regulates the ownership and transfer of property?

Property Law is fundamentally focused on the ownership and transfer of property, making it the correct choice for the question. This area of law encompasses various aspects such as real estate transactions, leases, property rights, and the legal processes involved in buying and selling property. It establishes the framework for how property can be owned, what rights individuals have over property, and the legal mechanisms for transferring ownership, including the necessity of registered documents and adherence to property regulations.

The other areas of law mentioned do not primarily concern themselves with property ownership and transfer. Family Law deals with issues related to family relationships, such as marriage, divorce, and child custody. The Law of Tort focuses on civil wrongs and damages that one party may cause to another, which does not include ownership or transfer of property. The Law of Contract governs the agreements made between parties and their enforceability, but while it may touch upon property transactions, it does not specifically regulate property law as its primary concern. Thus, Property Law stands out as the area dedicated to the ownership and transfer of property.