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22 Cards in this Set
- Front
- Back
Wild animals ownership/rules
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Owned by state; if captured/killed, ownership transfers; escaped = back to state
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Types of found property
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LAM - lost, abandoned, mislaid
Lost: if owner accidentally and involuntarily parted with possession, doesn’t know where it is Mislaid: if item was intentionally placed somewhere and thereafter forgotten Abandoned: if owner intended to give up title and possession |
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DEFINE
lost property |
If owner accidentally and involuntarily parted with possession, doesn’t know where it is
Finder is entitled to possession except against the true owner; sometimes landowner is awarded possession instead (trespass, private place, employee of LO, found in soil) |
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DEFINE
mislaid property |
If item was intentionally placed somewhere and thereafter forgotten
Landowner entitled to possession except against true owner; since TO intentionally placed |
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DEFINE
abandoned property |
If owner intended to give up title and possession
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Duty of finder or landowner of found property
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Finder/landowner w/possession of article is quasi-bailee, and title is good against everyone but true owner; possessor must use due care or liable for negligence
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Duty to find owner of found property
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If finder knows or has reasonable means of finding true owner, must try
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DEFINE
accession |
Addition of value to property by expenditure of labor or addition of new materials
Trespassers: cannot recover when adds value to owner’s chattel; owner retains title |
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Owner remedies for accession
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Owner can seek conversion damages (value or original materials plus consequential damages) OR instead seek replevin (return of chattel)
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DEFINE
confusion of property |
Intermixture of personal property owned by different persons; true owners can’t be distinguished
Known contributions: if distinction known, parties take in proportion their interests (willful/fraud) Unknown contributions: if not known, and innocent, parties share equally; wrongful, burden is on the person who created the wrongful confusion to show or all belongs to the innocent owner |
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Adverse possession statute of limitations for personal property
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3 years instead of 10
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DEFINE
gift |
Voluntary transfer of property by one to another without any consideration or compensation
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Elements of a gift
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IDA - intent, delivery, acceptance
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Elements of a gift
INTENT |
Donor must wish to make effective gift of her property; future promise not good
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Elements of a gift
DELIVERY |
Must be delivered; three types (SAC - symbolic, actual, constructive)
Actual delivery: A hands gift to B Constructive delivery: A hands B the key to safe deposit box Symbolic delivery: A hands B paper with gift language |
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Elements of a gift
ACCEPTANCE |
If gift beneficial to donee, acceptance presumed; donee may refuse gift
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Gifts causa mortis
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Gift given in contemplation of death; same IDA requirements; must contemplate giving the gift in imminent death and must actually die (or gift is revoked)
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DEFINE
bailment |
Bailee has physical custody over property and intent to exercise control over property
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Bailor rights
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If bailee commits wrongful acts that lose/damage property, bailor can seek replevin (return of chattel), trover (value of chattel), or damages - all dependent on facts
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Bailment standards of care
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If bailment for sole benefit of bailee, great diligence required and bailee liable for slight negligence
If bailment for sole benefit of bailor, slight diligence required and bailee liable for gross negligence If bailment is for mutual benefit, ordinary due care required |
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Non-professional bailee disclaimer
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Depends on 6 factors - 1) generally type of business suitable for public regulations?
2) bailee performing service necessary for some members of public? 3) storage available to public 4) bargaining power 5) require standard form with no option for greater protection? 6) is property under control of bailee? |
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Bailee absolute liability
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Absolute liability: bailee is absolutely liable when departing from terms of bailment; if uses bailed good for different purpose than agreed on, or removes from storage without consent, bailee is absolutely liable for conversion
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