Question

Explain and give the economic considerations (i.e. costs) as to what people can do with their property in the following situations:

Trespass (Right to someone else’s property)
Inalienability
Unbundling

Answer 1

Tresspass

It could be committed either by a person himself entering the land of another or doing the same through some material object.

Trespass to land in unwarranted entry upon the land of another or any direct or immediate act of interference with the possession of land.

Ways of trespass to land

• Trespass by wrong entry
• Trespass by remaining on the land
• Trespass by placing things on the land
• Trespass by animal

Elements to trespass to land

• Intent : A defendant must either desire or know to a substantial certainty that they will interfere with another's right of possession
• enter : The entering of another's land results in trespass to land, including a single footstep that results in no actual damages.
• land : It is the ground, the air space above the ground, and the material beneath the ground. Also, it includes anything attached to the land.
• possession : The property must be in the lawful possession of another person.

Inalienability

The inalienable is unable to be taken away or to be given to another. The right to life and liberty are examples of rights that are described as inalienable.

The right to life and liberty are examples of rights that are described as inalienable. Of property, that it cannot be sold or assigned; of rights, that they cannot be abrogated. Incapable of being alienated, surrendered, or transferred to another; not alienable.

The property as “a bundle of rights,” that is, a collection of rights that you have over the use of your property

• In some instances, an owner may want to unbundle these rights

that is, separate them, so that he could sell some of them and hold onto others

• In most instances, this is not allowed an owner may be permitted to sell the bundle as a whole, but not in pieces.