What is included in the bundle of rights associated with property ownership?

The bundle of rights associated with property ownership encompasses a range of entitlements that a property owner holds regarding their property. This concept illustrates that owning property is not just about having possession of it but also includes various rights which form a comprehensive set of privileges and responsibilities.

Option B highlights this comprehensive nature by stating the rights to possess, use, enjoy, and dispose of a thing. This definition encapsulates the foundational rights associated with property ownership. Possession refers to having physical control over the property, use allows the owner to utilize the property in a manner they see fit, enjoyment grants the owner the ability to derive satisfaction or benefit from it, and disposal refers to the right to sell, transfer, or otherwise manage the property as desired. These rights are fundamental to property ownership and enable the owner to exercise full control over their property.

The other options are more limited in scope, focusing only on specific rights rather than the full spectrum of ownership entitlements. For example, stating "the right to sell only" or "the right to lease only" ignores the broader rights of enjoyment and use that are inherently part of property ownership. Similarly, the right to improve by building addresses only one aspect of ownership without encompassing the other rights that characterize a full ownership bundle.