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The Law, by Bastiat
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"Any society that would give up a little liberty to gain a little security will deserve neither and lose both."

--- Benjamin Franklin


Lesson 46 - Property Boundaries Part III Print E-mail

 

All agreed obligations remain obligations until they are fulfilled or discharged.  A does not lose his ownership of his money until he has met this contractual obligation of his own volition, and has completed the transfer to B, as specified in the terms of the agreement.

The matter of boundaries should now be clear.  All property on the owner's side of a boundary is his.  He rightly has total decision-making control and authority over the property.

All property OUTSIDE the owner's boundary is (and must be) presumed NOT to be his.

He may not know who the owner of that property is, but he can be expected to know what he himself owns.

So although it is true that a person cannot tell by looking at a piece of property who the owner might happen to be, each of us fairly well knows when we are examining a property that is NOT ours.

 

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Fundamentals of Liberty