General rule
Capture of a fugacious resource
First into possession and control owns the resource
Post: mere pursuit is insufficient for ownership
Exceptions
Capture of a fugacious resource
Ghen: custom of whaling established control
Additions
Capture of a fugacious resource
Duck case
barry bonds case: contructive owner (with wrongful interference) & actual possessor split the ball’s proceeds
General rule
Rule of finders - lost property
Finder wins against all except previous possessor and true owner
Exceptions
Rule of finders - lost property
Owner of locus in quo owns if:
attached to soil
trespassor finds
in private location?
owner is in occupied area?
rule
Mislaid property
owner in locus in quo owns until true owner returns
rule
finder of abandoned property
finder owns unless private property
Elements of
Adverse possession
AP creates NEW TITLE
In depth:
Continuous for statutory period
in depth
Exclusive and Actual
In depth
Open and notorious
Open and notorious with chattels
in depth
Hostile and under claim of right
invited guest cannot become AP
intervivos
Acquisition by gift
in depth
intent of present, immediate transfer
in depth
Delivery
Causa mortis
Gift
Limits on property
Public property
must open your private land to public so they can enjoy navigable waters
just like a municipality, home owner association must do same
Limits on property
Right to abandon
Cannot abandon land
Limits on property
Right to destroy
generally you can UNLESS public policy reasons: value of neighbors land, criminal law, specific duties to others.
Limits on property
Right to transfer
Estates
Life estate
Rules of will construction
Law of waste
life estates and leaseholds