“…The literature provides exhaustive accounts and discussions of the reasons that motivated this conceptual shift in the interpretation of property rights (Alexander, 1997(Alexander, & 1998Baron, 2013;Berle and Means, 1991;Di Robilant, 2013;Fried, 2009;Horwitz, 1973Horwitz, & 1992Larkin, 2016;Mossoff, 2003;Siegel, 1986Siegel, & 1991Singer, 1982Singer, , 1988b(Mossoff, 2003); (Singer, 1982); (Singer, 1988b); Smith, 2009bSmith, & 2013aWiecek, 1998: chapter 4). Among the various factors, one was anonymously regarded as playing a key role: the historical transition from the agrarian and domestic economy of the early 19 th century where properties were mainly used for the satisfaction and fulfilment of the owner's personal needs and necessities in accordance with its requirements and social status, to the capitalistic economic system characterising the American society in the late nineteenth century, where properties were mainly used for commercial and business purposes in order to provide valuable services to customers by means of economic (or contractual) transactions.…”