Final answer:
When Carla's land becomes landlocked, establishing an easement is the most likely scenario for legal access to her property. This resolution would follow Coase's principle that well-defined property rights facilitate negotiation and resolution of disputes.
Step-by-step explanation:
If Carla's parcel of land becomes landlocked by a surrounding property after a sale, the most likely scenario is that she needs to establish an easement or right-of-way. An easement would legally allow her to access her land through the surrounding property.
The creation of an easement often involves negotiation between the parties, and if agreed upon, the terms are recorded and become part of the property's title.
Without clear property rights or legal access through an easement, Carla's land could significantly decrease in value and utility, potentially becoming unusable for its intended purposes such as development or farming.
Establishing an easement can be a complex legal process and may involve compensating the owner of the surrounding property. This echoes Ronald Coase's principle that disputes over property rights are resolved efficiently through negotiation when property rights are well-defined.
Consequently, having access to her landlocked parcel through an easement or similar agreement is essential for maintaining its value and functional use.