Acquisition of Property Flashcards
The Rule of Capture
the first person to take possession of a thing owns it
prior beats subsequent
1st beats 2nd
Exception of Capture
Mortally wounded or trapped animals are treated as capture - pierson v post
Custom exception of capture
local customs can dictate the rule of capture - ghen v rich
Ratione soli
anything caught on private land belongs to the landowner
The Rule of Creation
You have a right to reap the benefits of owning things for which you have expended great effort in aqcuiring - INS v AP
Bundle of Sticks
right to possess
right to use
right to exclude
right to alienate
The Law of Finders
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
Items found in private home?
go to homeowner
Adverse Possession
possession that ripens into title if certain elements are met
Elements of adverse possession - COAH
Continuous
Open and Notorious
Actual
Hostile
Continuous
uninterrupted
Open and Notorious
visible ownership that the usual owner would make; must be visible to allow true ownership notice
Actual
must make an actual physical entry onto the premises
Hostile
possessor does not have the true owner’s permission - permission always beats adverse possession
(Adverse Possession) State of mind is ________
irrelevant