Acquisition of Property Flashcards

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1
Q

The Rule of Capture

A

the first person to take possession of a thing owns it

prior beats subsequent

1st beats 2nd

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2
Q

Exception of Capture

A

Mortally wounded or trapped animals are treated as capture - pierson v post

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3
Q

Custom exception of capture

A

local customs can dictate the rule of capture - ghen v rich

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4
Q

Ratione soli

A

anything caught on private land belongs to the landowner

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5
Q

The Rule of Creation

A

You have a right to reap the benefits of owning things for which you have expended great effort in aqcuiring - INS v AP

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6
Q

Bundle of Sticks

A

right to possess
right to use
right to exclude
right to alienate

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7
Q

The Law of Finders

A

abandoned - finder has all rights

lost - finder has better rights than everyone except the true owner and other prior possessors

mislaid - the finder has no rights

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8
Q

Items found in private home?

A

go to homeowner

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9
Q

Adverse Possession

A

possession that ripens into title if certain elements are met

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10
Q

Elements of adverse possession - COAH

A

Continuous

Open and Notorious

Actual

Hostile

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11
Q

Continuous

A

uninterrupted

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12
Q

Open and Notorious

A

visible ownership that the usual owner would make; must be visible to allow true ownership notice

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13
Q

Actual

A

must make an actual physical entry onto the premises

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14
Q

Hostile

A

possessor does not have the true owner’s permission - permission always beats adverse possession

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15
Q

(Adverse Possession) State of mind is ________

A

irrelevant

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16
Q

Tacking

A

to satisfy a statutory period, you may tack on the time of the predecessor as long as it is privity

17
Q

privity

A

non-hostile nexus between possessors - descent, contract, deed, or will

ouster defeats privity