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Questions and Answers
What is the definition of property right in contrast to contractual rights?
What is the definition of property right in contrast to contractual rights?
- Property right is limited to rights against specific individuals involved in the contract.
- Property right is a right against individuals in a contractual agreement.
- Property right is the same as contractual rights in terms of exclusivity.
- Property right gives the rights-holder the ability to exclude anyone in the world from interfering with that right. (correct)
What are the two classifications of property generally mentioned in the text?
What are the two classifications of property generally mentioned in the text?
- Realty and personal property
- Proprietary personal property and personal rights
- Real property and proprietary personal property (correct)
- Real property and personal rights
What kind of right is a right in rem?
What kind of right is a right in rem?
- Public right
- Personal right
- Contractual right
- Property right (correct)
What kind of right is a right in personem?
What kind of right is a right in personem?
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