What Do Property Rights Refer To

question 96

Multiple Choice

What do property rights refer to?

• A) a document stating the rights of ownership that accompany owning property
• B) the ability of people to exercise authority over the resources they own
• C) the right of the government to exercise authority over property owners
• D) the right to use a common property

---

Definitions:

Primary Promise

A fundamental obligation in a contract that is central to the agreement's purpose.

Admission Exception

A legal principle allowing statements by a party to be used as evidence against them, typically in a court of law.

Statute of Fraids

Likely intended to refer to the "Statute of Frauds," which is a legal concept requiring certain types of contracts to be in writing to be enforceable.

Statute of Frauds

The Statute of Frauds is a legal principle that requires certain types of contracts to be in writing and signed by the parties involved, in order to be enforceable.