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Property
Property terms
38
Law
Graduate
09/28/2017

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Term
Property
Definition
the legal rights among persons with respect to things
Term
bundle of sticks
Definition
posses/occupy
use/exploit
exclude others
transfer
modify/destroy
Term
1st possession
Definition
First in time
acquisition by conquest
acquisition by capture
acquisition by creation
Term
Subsequent Possession
Definition
property already owned by someone else, subsequently comes into the possession of another

Find
Adverse Possession
Gift
Term
Acquisition by Conquest
Definition
taking something via force and they submit to the authority due to force.
Term
Acquisition by Capture
Definition
property in wild animals is acquired by occupancy, meaning at least mortally wounding or capturing from a distance, and at most physical possession.
Pursuit is not enough
Term
Rationale Soli
Definition
Constructive possession. When a wild animal comes onto your property you gain constructive possession unless that animal was mortally wounded by another before wandering onto your property.
Term
Wild animal - mind of the possessor
Definition
did they show intent to appropriate the beast or deprive the animal of its natural liberty. were reasonable precautions used to prevent escape
Term
Competitor vs Non-Competitor
Definition
competitor is allowed to seek capture of a wild animal and interfere with another's mere pursuit.

non-competitor is not allowed to merely interfere with another's capture of the animal
Term
IRAC
Definition
I-is it a property right interest that should be protected?
R- define property/rationale
A - elements/go thru fact pattern
C -is/is not a property right that needs to be protected
Term
Acquisition by Creation
3 types
Definition
Property rights in One's Idea
Property rights in One's Person
Property rights in One's Persona
Term
One's Idea
Definition
Intellectual property rights-rights in your ideas
includes copyrights, patents and trademarks
Term
One's person
Definition
you have a right to your body and parts unless your parts are removed then you lose all rights unless specifically addressed by legislature
Term
One's Persona
Definition
Rule: need consent from the individual if you do something that reminds or might confuse public of that individual.
must limit their ability to market or sell.
Term
Title of Finder
Definition
is good as against the whole world BUT the true owner.
True owner holds superior rights to the item.
Term
Finder
Definition
someone who takes possession of lost property that is owned by another without permission
Term
Possession
Definition
show:
intent to control the property AND
an act of control
Term
4 Categories of Found Property
Definition
Lost
Mislaid
Abandoned
Treasure Trove
Term
Lost
Definition
true owner is separated from property unintentionally either through neglect or inadvertence
Term
Mislaid
Definition
True owner intentionally places the property in/on a certain place with the expectation to retain ownership but fails to reclaim it or forgets where he put it
Term
Abandoned
Definition
True owner must have intentionally and unequivocally relinquished all right and title in the property

as more time passes, likelihood of abandonment increases

if finder finds it he is new owner and original owner has no legal right to demand its return.
Term
Treasure Trove
Definition
any money or coin, gold. silver plate, or bullion hidden in the earth
Term
Influences of courts decision for finders rights
Definition
presumed intent of original/rightful owner
location where property is found AND
Status/ID of the competing claimants
Term
General Rules of Found property
Definition
object found in private house or embedded in the soil of private land belong to the landowner, NOT the finder

status of the finder is important - finder, employee, trespasser
Term
successful Adverse Possession claim
Definition
true owner is barred from right in property. adverse possessor obtains title in property
adv. possessor has burden of proof
Term
elements of Adv Possession
Definition
A'NOCHE + possession + passage of Certain amount of time=adverse title
Term
A'NOCHE
Definition
Actual Possession/entry
Notorious
Open
Continuous / uninterrupted
Hostile/under claim of right
Term
Actual Possession/entry
Definition
you physically possessed that property
acting like you own it
Starts statute of limitations for which the true owner must act
Term
2 Part test for possession/entry
Definition
Majority - to prove actual possession you must use property as a reasonable owner would use the property

Minority - statutorily prescribed behaviors - must cultivate the property, improve the property & or enclose the property
Term
Notorious/Open
Definition
notorious - owner should be on notice
open - plain sight for public notice. can't be hidden, slealthy.
Term
continuous & uninterrupted
Definition
use in same manner that owner would use in same period of time
uninterrupted...not consecutive, just uninterrupted ...original owner cannot interrupt otherwise it starts over
Term
Hostile & under claim of right
Definition
coming onto property with claim of right without owner's consent. once you have consent from owner its over. inside the mind of adv possessor depends on jurisdiction
Term
Objective test -state of mind adv poss
Definition
AKA Connecticut Doctrine
state of mind is irrelevant for hostile
Term
Subjective Test - Good faith test
Definition
good faith belief that you owned property but you later find out that you don't have title ; actions matter, state of mind doesn't matter
Term
Aggressive Test -Hostile Adv Poss
Definition
AKA Maine Doctrine
knew you didn't own it but you intended to take it and make it your own anyway
Term
Exclusive
Definition
adverse possessor cannot share possession with the owner of general public
Term
Color of Title
Definition
if there is something wrong with the deed and you have owned it for 5 years then you do not have to prove adverse possession. you would do a color of title claim instead of adverse possession
Term
Quiet title action
Definition
decree you are the rightful owner of this property. you want to quiet anyone else's claims to the property. this makes sure that the property title cannot be disputed in the future. You are trying to remove an adverse possessor
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