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5 Cards in this Set
- Front
- Back
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3 Types of property |
-Real Property (land & anything perm attached to it) -Personal (moveable items:-tangible & Intangible(claim against someone that has value)) -Intellectual( ideas and creative work)
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Finders Keeper |
-Only the original owner has a better right to claim object than the one who found it -Finder has obligation to return good to proper owner when possible. |
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Location exception to Keepers finder |
if public place- finder has priority to keep it If private place- Owner of the place has priority to keep it *both behind owner of course |
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Fungible goods bailment & liability (ex:grain,similar shares,nerf arrows) |
-Since they are indistinguishable, no need to return the exact same goods. -Bailee is liable for damage done to goods while in his possession |
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