Final answer:
Courts decide disagreements concerning property rights, ensuring that legal definitions of ownership are enforced and disputes are resolved according to law. Hence, option (D) is correct.
Step-by-step explanation:
Disagreements concerning property rights are decided by the courts. When disputes arise over ownership or legal rights to use property, the judiciary steps in to interpret the law and apply it to the specific case. This is in accordance with democratic principles and an underlying belief in free-market capitalism, which rely on a legal system to define and enforce property rights. Notably, economist Ronald Coase emphasized the importance of clearly defined property rights to prevent endless disputes and ensure that the responsible party addresses the issue cost-effectively.
While governors (Option A) and state legislatures (Option B) may enact laws related to property rights, it is ultimately the judiciary that interprets and applies these laws to specific cases, ensuring a fair and just resolution to property disputes. The President (Option C) is not directly involved in resolving individual property rights disagreements, as property law falls primarily under the purview of the judicial branch at the state and federal levels.