Property Rights and Legal Implications

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Questions and Answers

What is property in law?

  • The relationships an owner acquires with respect to things
  • Material objects such as land and structures
  • The ability to control things in everyday life
  • The rights, powers, and privileges an individual enjoys in his relationship to things (correct)

What are the rights of property under the law?

  • Possessing, excluding others, and disposing or transferring
  • Using, enjoying the fruits, profits, product or increase, and destroying or injuring
  • Both A and B (correct)
  • None of the above

What is corporate equity represented by?

  • Land and structures
  • Shares of common stock (correct)
  • The ability to control things in everyday life
  • Ownership, risks, and profits

What is the primary purpose of a corporation?

<p>To decentralize economic power through joint ownership (A)</p> Signup and view all the answers

What is the relationship between private property and economic justice, according to the text?

<p>Private property is a safeguard against the corruptibility of concentrated power (C)</p> Signup and view all the answers

What is the role of property in the means of production in determining distributive justice, according to the text?

<p>Property in the means of production determines who has the right to share in profits (A)</p> Signup and view all the answers

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