acquisition of ownership Flashcards
what is patrimony? and an exception
patrimony is the totality of a persons assets and liabilities, most people only have one; exception in trusts when a trustee and their own and that of beneficiary
list of subordinate real rights (5):
servitude, negative real burden, proper liferent, right in security, lease of immoveable property
what is a subordinate real right?
form of real right, held by someone other than the owner; in scotland there is a closed list (5); cannot be moveable property
what is the meaning of ‘prior tempore potoir jure’
earlier by time, stronger in right (e.g. more than one bank provides loan, the one that registered first will get back more of their loan in case of bankruptcy)
who owns abandoned property, treasure, and stolen property
first 2 - the crown; in stolen, transfer of title is derivative - cant give what you dont own therefore no change in original ownership
Erskine II, 1, 1:
defines ownership as ‘the right of using and disposing of a subject as our own, except insofar as we are restrained by law or paction.’
differences between derivative and original acquisition of ownership:
derivative most common - ownership passes from person A to person B (or from someone lawfully authorised to act on their behalf);
original is where ownership acquired by some legal process (law bestows new title on acquirer), regardless of anyone’s consent but the acquirer
examples where original acquisition takes place (4):
- occupancy: where ownerless object is taken into possession
- accession: where one object becomes part of another e.g. painting a car
- specification: where objected altered so it loses identity, e.g. barley into ale
- confusion/commixtion (positive prescription): mix of solids/liquids of the same type; results in co-ownership
what is the publicity principle?
an external act (registration, intimation or delivery) that completes transfer of title - consent/agreement is not enough, an external/overt act is needed; acts that affect third parties should be made public
Burnett’s Tr v `Grainger;
‘the disponee who has not registered his title enjoys no real right in the subjects’ (case where solicitors failed to register deed, before original seller went bankrupt and her property was sequestrated - no damages other than with own solicitor for breach of duty
why would a void title happen? (2)
- granter did not have title himself, so title itself was void
- granter did have right, although fatal defect in the process making the act of transfer void, hence the granter’s title void (e.g force and fear, or no consent)
what is the latin phrase for ‘you cannot give what you do not have’ / if the granters title is void, the grantee’s title is normally void?
nemo dat quod non habet / nemo plus rule
how does a voidable title arise?
by validly acquiring property but in a way contrary to the rights of another, that other person has the option of avoiding the title
remedies in voidable transactions? (3)
- can have title reconveyed (demand re-transfer of ownership)
- reduction (only if there is deed of transfer to be reduced, not avail in sale of goods)
- can be made absolutely good through good faith and value
what is the latin phrase for a non-owner?
a non domino
main case in offside goals rule? and what happened?
rodger (builder) ltd v fawdry 1950; F concluded missives to sell with R although were unable to pay immediately; F then sells to MB who pays, registers and becomes owner.
R raised action of reduction against MB since the missives hadnt been validly rescinded, and MB knew this therefore acquired the right in bad faith; court agreed and disposition was reduced
wallace v simmers:
1 of the 4 conditions of the offside rule is that buyer 1’s right must have been capable of becoming a real right (father agrees with daughter - personal right never in writing or with serious intent)