Two Neighbours Are Embroiled in a Dispute

question 3

Essay

Two neighbours are embroiled in a dispute. Adam planted a tree in his property which has grown tall. Brenda complains that the tree obstructs her view of the mountains. Explain how clear allocation of property rights could resolve this dispute.

---

Definitions:

Payment

The transfer of money, goods, or services in exchange for a product, service, or to fulfill an obligation.

Annual Interest Rate

The percentage of a sum of money charged for its use per year.

Double

To increase or become twice as much in size, amount, or number.

Value

The importance, worth, or usefulness of something, often determined by its desirability, utility, or rarity.