Which of the following statements is true about property?
A) People can privately own every resource, especially every resource of use.
B) A private property in a resource can be created if you can legally exclude others from that resource.
C) The federal law has little control over the exercise of ownership or sale of any type of property across all states.
D) A property is usually infinite but has an ambiguous boundary.
E) A property includes resources but not the use of resources.

Question

Quizplus · Accepted Answer

Rather than regarding property as a bundle of rights, we regard it as a single right-the right to exclude. If you can legally exclude others from some resource, whether it is a physical resource or various uses of something physical, you have a private property in that resource. The legal system will protect you and allow you to exclude others from interfering with that resource.

Which of the Following Statements Is True About Property