6 Questions
What is property in law?
The rights, powers, and privileges an individual enjoys in his relationship to things
What are the rights of property under the law?
Both A and B
What is corporate equity represented by?
Shares of common stock
What is the primary purpose of a corporation?
To decentralize economic power through joint ownership
What is the relationship between private property and economic justice, according to the text?
Private property is a safeguard against the corruptibility of concentrated power
What is the role of property in the means of production in determining distributive justice, according to the text?
Property in the means of production determines who has the right to share in profits
Test your knowledge on the concept of property and its legal implications with this quiz. Learn about the true definition of property and the rights and privileges associated with private ownership. Explore the relationship between ownership and access to credit or creative activity.
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