Property Law Protects Existing Ownership of Goods

question 57

Multiple Choice

Property law protects existing ownership of goods.A principal belief underlying this policy is:

• A) a person should not be required to retain constant possession of all the goods he owns,yet at the same time,ownership should be indicated by who is in possession of the goods.
• B) while a person should not be required to retain constant possession of all the goods he owns,there must be a method for good faith purchasers for value to be protected so they may make safe acquisitions of goods.
• C) even good faith purchasers should be held responsible for making sure the item they are buying wasn't stolen from the rightful owner.
• D) there must not be conflicts among underlying beliefs.

---

Definitions:

Total Utility

The total satisfaction or benefit a consumer receives from consuming a given total quantity of a good or service.

Satisfaction Levels

A measure of how goods or services meet or surpass customers' expectations.

Indifference Curve

A graph that shows a combination of two goods that give a consumer equal satisfaction and utility, representing their preferences.

Equal Satisfaction

A principle in consumer choice theory that suggests consumers allocate their resources to maximize satisfaction or utility.