Accessions Flashcards
What is an accession?
the value to property by the expenditure of labor or the addition of new materials.
What applies when there is good faith and no change of form for accessions?
- when the original owner can sue to get the grain back
- original owner can sue to get the monetary value of the chattel at the time original owner had it (i.e. if grain, original owner could sue for pre-harvested amount but they cant get the value of labor of the harvesting)
What applies when there is good faith and there is a change of form for accessions?
original owner can sue to get the monetary value of the chattel at the time original owner had it (i.e. if grain, original owner could sue for pre-harvested amount but they can’t get the value of labor of the harvesting
What applies when there is bad faith and there is no change in form for accessions?
- original owner can get the “grain” back
- original owner can sue for money damages for the grain in its improved state because the new owner obtained it in bad faith
What applies when there is bad faith and there is a change in form for accessions?
original owner can get the improved good or the monetary value of the improved good.
What happens in accessions when two owner’s properties are combined together in good faith?
owner of the principle material acquires the title to the final product
Bad Faith and no change in form in accession
can get the thing back or for money damages and the benefit of any improvements made in bad faith
Bad Faith and change in form in accessions
material thing - regardless of change in form if it can still be accessed, money damages and the benefit of any improvements made in bad faith.
Good Faith and no change in form in accessions
the value if the thing can no longer be accessed but not the benefit of any improvements made in good faith
Good faith and change in form in accessiona
the value because the thing no longer exists in the form