The Phrase Nemo Dat Quod Non Habet Means

question 63

Multiple Choice

The phrase nemo dat quod non habet means

• A) sales of things at sea are different than sales of things on land.
• B) no one can give what they do not have.
• C) risk of loss follow property.
• D) a person cannot own what they do not possess.
• E) things that are attached to land are part of the home.

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Definitions:

Consumer Surplus

The discrepancy between the total price consumers are willing to pay for a service or good versus what they actually spend on it.

Consumer Surplus

The difference between what consumers are willing to pay for a good or service compared to what they actually pay.

Consumer Surplus

The difference between the total amount that consumers are willing to pay and the total amount they actually pay.

Bananas

A type of edible fruit produced by various large, herbaceous plants in the genus Musa.