Abstract

Abstract This chapter explores the objects in which property rights can arise, who can hold (or acquire) such property rights, and which powers property rights give their holder. This introduces the reflexive relationship between property law and property rights. Legal systems differ considerably across these three interrelated aspects of property law. Property rights arise in a different, broader or narrower set of objects from jurisdiction to jurisdiction, they are not always available to every person, and they do not have the same substantive content—not even when they are called by the same name. Underpinning this analysis is the fundamental distinction between persons (subjects) and things (objects) of the legal system, which we will examine in more detail in the next chapter.

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