Property Flashcards
1
Q
DISSEIZED
A
To dispossess.
2
Q
EASEMENT
A
The right to use land.
3
Q
Caveat Emptor
A
Buyer beware
4
Q
Freeloading
A
When one person reaps another person’s work at no expense to themselves, typically serving as a drain on the system per the tragedy of the commons (7)
5
Q
Tragedy of the commons
A
When a shared resource is burdened by overexploitation and free riders, incentivizing people to act in their own self-interest at the expense of the common good (7)
Assumptions associated with it – rivalrous consumption aka one person consumes something at the expense of others (7)
