Property is:
A) something inherited from an ancestor
B) the legally protected expectation of being able to use a thing for one's advantage
C) always a physical object that can be sold or given to another person
D) never a physical object
E) something universally recognized as subject to unrestricted trading

Question

Quizplus · Accepted Answer

Property refers to the legally recognized expectation of being able to use a thing for one's advantage. While property can refer to physical objects, it can also refer to other intangible things like intellectual property or the right to use a certain piece of land. Inheritance is one way to acquire property, but it is not the only way. Property can be sold, transferred, or gifted to others, but it does not have to be universally recognized as subject to unrestricted trading. Therefore, option B is the best answer.

Property Is