Found Property Flashcards
Goddard v. Winchell
Meteorite/aerolite
Owner/plntf of land gets it. “whatever affixed to soil belongs to the soil.”
It was never lost or abandoned.
(Winchell looses out cuz he bought something assumed had title, buyer beware)
Pound right most concerned with?
Possession
Replevin
Action at law
Seeking the return of a specific item of personal property
*must be UNIQUE,not fungible
Fungible
Not unique
Injunction
Thou shalt not…
Usually equity chancery court
2 systems of law in US
1) law courts (paid damages)
2) equity chanceries/courts
Order to do or not do algo
Riparian rights
Interest a title holder has to the water in a river or lake on property.
Accretion
Owners right to the soil deposited on his land due to natural forces. (Erosion, gravity, floods)
Accretion law is a response to the forces of erosion and gravity
Caviat emptor
Buyer beware. Winchell lucks out
In order to FIND personal property….
Must have been owned by someone first
Locus in quo
Place in question
Property placed inland by natural forces belongs to whom.
The party who owns the locus in quo
Eads v. Brazelton
Abandoned property
To be “abandoned” property:
1)It must have been previously owned
2)Its original owner must have surrendered possession
3)Its original owner must intend not to re-seek possession
(Title to abandoned property can be obtained by taking possession of the property)
How do you know if something abandoned?
1) out of possession of true owner
2) intent not to reclaim it
3) must qualify as personal property (Goddard v. Wunschell)
How do u know if owner had intent to go back & get it?
Objective intent.
What a typical person would do.
Assume motives of the actor based on the facts.
Facts to weigh intent to reclaim it.
Value of the property itself (can change jury view). Implications of people objectively do with property.
Ex, dollar vs. pen on floor