Which type of law grants exclusive rights to both tangible and intangible resources?

Prepare for the LEGL 2700 Hackleman 1 Exam with expert-approved flashcards and multiple-choice questions. Each question includes hints and explanations. Equip yourself for success!

Property law is the correct answer because it encompasses the legal framework that grants exclusive rights to individuals or entities regarding both tangible resources, such as land and physical goods, and intangible resources, such as intellectual property rights, patents, trademarks, and copyrights. This branch of law is fundamentally concerned with the ownership and use of assets, defining how they can be bought, sold, leased, or inherited.

In contrast, tort law primarily deals with civil wrongs and compensations for damages caused by wrongful acts, focusing on protecting individuals' rights to not be harmed by others. Contract law governs agreements between parties, detailing the obligations and rights arising from those agreements, but it does not address property rights directly. Criminal law pertains to offenses against the state or public, focusing on punishment rather than the ownership of resources. Thus, property law specifically addresses the rights surrounding both tangible and intangible assets, making it the most fitting choice.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy