Property Rights and Legal Implications
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Questions and Answers

Which one of the following is a key characteristic of property in law?

  • Property is the right of control.
  • Property is the relationships an owner acquires with respect to things. (correct)
  • Property refers to material objects.
  • Property is the thing owned.

    • What are the rights of private property under the law?

  • The right to use and enjoy the fruits or profits.
  • The right to destroy or injure.
  • The right to possess and exclude others. (correct)
  • The right to dispose or transfer.

    • What is the most important instrument for organizing private property rights in the means of production?

  • Structures
  • Land
  • Corporate equity represented by shares of common stock (correct)
  • Machines

    • What does joint or share ownership provide in a corporation?

    <p>A definable private property stake for each shareholder</p> Signup and view all the answers

    What is the primary social 'link' between a human being and the process of producing and distributing wealth?

    <p>Private property ownership</p> Signup and view all the answers

    Why is democratizing ownership essential for democratizing power?

    <p>Because private property ownership leads to decentralized power</p> Signup and view all the answers

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