Property

Question 1

What are Propriety Rights?

Answer 1

Propriety Rights refer to the legal rights of ownership over property or assets.

These rights allow the owner to use, manage, and dispose of the property as they see fit.

Question 2

What is meant by Equitable Rights?

Answer 2

Equitable Rights are rights recognized by courts of equity, focusing on fairness and justice rather than strict legal rules.

These rights may provide remedies that are not available under common law.

Question 3

True or False: Propriety Rights are always enforced by equitable remedies.

Answer 3

False

Propriety Rights are primarily enforced through legal remedies rather than equitable ones.

Question 4

Fill in the blank: _____ Rights focus on fairness and justice.

Answer 4

[Equitable]

Equitable Rights are designed to address situations where strict application of the law would result in unfair outcomes.

Question 5

List two characteristics of Propriety Rights.

Answer 5

• Legal ownership
• Exclusive use

These characteristics distinguish Propriety Rights from other types of rights.

Question 6

List two characteristics of Equitable Rights.

Answer 6

• Focus on fairness
• Remedies may include injunctions and specific performance

Equitable Rights are often used to provide relief in situations where monetary damages are insufficient.