When an entitlement is protected by ________, a person may infringe the entitlement but must compensate its holder for the objectively assessed harm resulting from that infringement.

Question

Quizplus · Accepted Answer

A liability rule allows for the infringement of an entitlement as long as the infringer compensates the holder for the harm caused, which contrasts with a property rule that requires the holder's consent before the entitlement can be transferred or altered.

When an Entitlement Is Protected by ________, a Person May