Property Ownership
In New Mexico, which of the following is NOT part of the 'bundle of rights' associated with real property ownership?
AThe right to use the property
BThe right to exclude others
CThe right to pay any price when purchasing✓ Correct
DThe right to encumber the property
Explanation
The bundle of rights includes use, possession, exclusion, transfer (sell, gift, will), and encumbrance. The 'right to pay any price' is not a property right—market conditions and lending requirements constrain pricing.
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