QUESTION TEXT: Which one of the following is most strongly implied by …
DISCUSSION: The bundle of rights theory treats ownership as a collection of rights created by individual judicial decisions. Because those rights develop case by case and are open-ended, different owners may hold different sets of rights.
___________
- CORRECT. This follows directly: if ownership is a bundle formed by diverse judicial decisions and is open-ended, two owners can have different sets of rights.
- The theory downplays exclusion and doesn’t require owners to physically exclude others.
- This reflects the other two theories.
- It says ownership is not well defined. It’s open-ended and flexible.
- Opposite. Open-endedness actually undermines exclusivity.

Leave a Reply