Subsequent Possession Flashcards
Types of COA
Conversion:for the wrongful dispossesion of prop.
Trover: damages for conversion
Replevin: return
Possible competing interests in sub. Possession
(1) finder; (2) owner of land; (3) true owner
Lost property
When the owner of chattel accidentally and involuntarily parts with property; doesn’t know where to find it e.g. “Bracelet on floor”
Finder of lost property
Good title over all but true owne
Mislaid property
Owner intentionally puts chattel in certain place, but forgets to retrieve e.g. Bracelet on table
Finder of mislaid property
Owner of land more likely to have good title; best to hold onto because person will come back there to look
Abandoned property
Owner intentionally and voluntarily relinquishes both title and possession; true owners interest drops out, but landowner’s remains
Finder reduces to possession on another’s property, with consent
Generally good title over landowner; unless
- Trespassing;
- Embedded. In soil
- Employee
Found in private land open to public
Still superior to all but true owner; unless found in back of shop
Series of subsequent possessors —>
Law protects prior possessor
Principal - agent exception
Depends on place of find, or the law of principal-agent
$ found by maid in hotel
Hotel owner has right; maid under a contractual duty to deliver(janitor)
$ found by interior decorator
Under no duty to report find to employer
Police confiscates found money from citizen
Goes back to finder
Recording acts and adverse poss.
What the Recording Acts say is that if A records the transfer, then B has constructive notice. We’ll act as though B has notice. We allow that fiction so that we can have a reliable recording system. On the other hand, if A fails to record the transaction, then B wins. This provides A an incentive to record promptly and rewards A by making A the definite owner. There’s a stick as well as a carrot: if A fails to record promptly, B could win!
This fits in with “open and notorious”. Transfers of property can’t be secret.