Final answer:
In tort law, a licensee is typically someone allowed to enter property for their own reasons, which differs from an 'invitee' who is there for public or business purposes. Contractual rights based on property rights are essential for allowing economic transactions, such as adhering to an employment agreement between a surgeon and a patient. A legal system that enforces these contracts is crucial for economic growth.
Step-by-step explanation:
For purposes of tort law, a licensee is actually not defined as the question suggests. Instead, a licensee is typically someone who has been allowed to enter or remain on property for a non-business, non-commercial purpose. This is in contrast to an invitee, who is indeed a person invited upon land as a member of the public or for a business purpose. Licensees are allowed to enter the land for their own purpose and are afforded a certain level of protection against injury. In the context of contractual rights, individuals or firms must own the property to enter into a contract, which allows them to use the property in a way that can lead to economic growth through trading, selling, or entering into agreements with others.
An example of contractual rights based on property rights is an employment agreement, in which failure to pay for the services rendered, such as the services of a skilled surgeon, would be considered property theft. A strong legal system that enforces contracts is necessary for such agreements to be trustworthy and for business transactions to flourish, contributing to economic growth.