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1. Less complex legal rules. 2. Easier to have personal identification with issues. 3. Provides foundation for later material, both in Property and other.

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Presentation on theme: "1. Less complex legal rules. 2. Easier to have personal identification with issues. 3. Provides foundation for later material, both in Property and other."— Presentation transcript:

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2 1. Less complex legal rules. 2. Easier to have personal identification with issues. 3. Provides foundation for later material, both in Property and other law school courses.

3 1. Find

4 2. Borrow (hold as bailee)

5 1. Find 2. Borrow (hold as bailee) 3. Purchase

6 1. Find 2. Borrow (hold as bailee) 3. Purchase 4. Take in unauthorized manner (convert/steal)

7 1. Find 2. Borrow (hold as bailee) 3. Purchase 4. Take in unauthorized manner (convert/steal) 5. Benefit from another’s mistaken improvement

8 1. Find 2. Borrow (hold as bailee) 3. Purchase 4. Take in unauthorized manner (convert/steal) 5. Benefit from another’s mistaken improvement 6. Receive as a gift: 1. From living donor (inter vivos gift; gift causa mortis, trust, etc.) 2. Receive from dead donor (intestacy, wills, non- probate transfers, etc.)

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10  A person who rightfully acquires possession of personal property that did not originally belong to the person.  “rightful” – not conversion or theft  “possession” – not necessarily ownership

11 1. First occupant Property which has not yet been subject to ownership.

12 2. Lost True owner has parted with casually, involuntarily, accidentally, unconsciously, etc.

13 3. Misplaced/Mislaid True owner intentionally placed the property somewhere and then unintentionally left it and/or forgot where it was left.

14 4. Abandoned Owner has intentionally relinquished possession and claim to the property.

15 5. Treasure Trove Money (gold, silver, etc.) concealed in the ground or 0ther hiding place with no known owner.

16 1. Finder 2. True Owner 3. Owner of land on which property was found 4. Government

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20 Hole made by meteorite in Freehold Township, New Jersey in January 2007.

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22 Steamboat America

23 Which one is “lead in pigs”

24 Barry Bonds hitting home run number 73 on October 7, Watch video [YouTube Link]

25 The actual ball.

26 Initially “caught” ball Picked up ball as it was rolling around

27 Todd McFarlane purchased ball at auction for $450,000 plus $67,500 in fees [total of $517,500].

28 Made into movie – “Up for Grabs” Play Trailer

29 Finder of lost property vs. Person who took away from finder

30 Finder of lost property vs. Owner of land on which property found

31 Finder of lost property vs. Owner of land on which property found [but, is there more?]

32 Minster Pool

33 Finder vs. Property owner Classification of found property?

34 Overton-on-Dee

35 Finder of mislaid property vs. Owner of property on which property found

36 Is “treasure trove” still a viable type of found property?

37  True owner (unless first occupant or abandoned)  If cannot find true owner:  Finder  Landowner  Government  Divide between/among claimants


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