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Legal Studies: Laws

I Property

Answer1.1 The word Property indicates ‘Legal ownership' i.e. recognized by the law. It can be indicated by the ‘exclusiveness' and the ‘right to exclude others' that is associated with property. It is the legal right to exclude others from resources that are originally possessed or are acquired without force, theft or fraud. In the broadest sense, property includes an ownership of individual that excludes the state from interfering with these rights. It is only effective when combined with law and enforcement of a property based legal system.

‘Having same property as Bill Gates' for any individual would imply that everybody has the same rights over his/her property in a property based legal system. For that to hold true all members of the society must have an equal guarantee of exclusive rights to his resources. As Property is the constitutional principle establishing the state's recognition and protection of......


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Approximate Word Count: 4534
Approximate Pages: 19 (250 words per double-spaced page)

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