Abstract: Legal rules are invariably related to social and economic conditions prevailing at a given period, and so we find that the legal normative expressions of the relationship between the holder of property rights and the objects of those rights have their basis in social and economic practice. We saw in chapter 3 the extent to which the law relating to business concerns itself predominantly with business property, and the regulation and transfer of that property, in accordance with the economic structure within which business operates, and we noted in chapter 2 the relationship between the law of theft and the demands of propertied classes for adequate legal protection of their property. Similarly, property concepts such as ownership and possession, leases and mortgages, contracts and trusts, are legal normative reflections of the economic activities and demands of individuals and classes at different periods.
Publication Year: 2006
Publication Date: 2006-12-14
Language: en
Type: book-chapter
Indexed In: ['crossref']
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Cited By Count: 1
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