True or False: Property is always considered to be boundless in its value and usage.

The assertion that property is always considered to be boundless in value and usage is inaccurate. Property has defined characteristics and is subject to various limitations, including legal, social, and economic constraints.

Firstly, the value of property can fluctuate based on market conditions, location, and demand. Economic factors play a crucial role in assessing the value of property, meaning that it is not unlimited or unbounded.

Secondly, usage rights associated with property are often regulated by laws, zoning restrictions, and local ordinances. These regulations can dictate how property may be used, thereby creating boundaries on its usage. For example, a residential property cannot typically be used for industrial purposes without special permissions.

Additionally, property ownership comes with responsibilities and potential liabilities, further constraining its perceived boundlessness. The law recognizes these constraints, which uphold the idea that property rights come with specific limitations rather than being absolute and limitless.

In summary, property is inherently limited in both value and usage, making the statement false.