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Property Outline Chapter 1 I. First Possession: Acquisition of Property by: A. Discovery 1. General Rule : the sighting or finding of unknown or uncharted land territory; it is frequently accompanied by landing and the symbolic taking of possession. Must settle in and make an effective occupation. ( Johnson- Indians were the rightful occupants of the land on which they lived but they did not have title to the land nor the right to convey title. Title was derived from the federal government or from one of the states or colonies has priority over an earlier purported grant from an Indian tribe.) a. conquest- the taking of enemy territory through force, followed by formal annexation of the defeated territory by the conqueror. B. Capture of Wild Animals 1. Chasing- the mere fact that one has spotted and chased an animal is not sufficient to constitute possession. ( Pierson- P found and chased fox as part of a hunt; D stepped in, killed the fox, and carried it away. Court held that mere pursuit gave P no legal right to the fox ,and that D thus had the right to interfere. EXCEPTION 2. Trapping or Wounding- one who mortally wounds an animal or fish, so that capture is almost certain, is deemed to have possession. The catching of an animal or a fish in a trap is sufficient. 3. Custom- a practice that by its common adoption and long, unvarying habit has come to have the force of law. customs and usages prevail in the activity or trade involved. ( Glen- Ct. applied this usage, and granted the company which killed the whale recovery against D, who bought whale at auction from person who found it on the beach.) 4. Business- a person may not maliciously prevent another from capturing wild animals in the pursuit of his trade. ( Keeble- P claimed he set decoys in his own pond to lure ducks in order to hunt them, and D fired gun nearby to drive ducks away. Ct. held P entitled to recovery b/c Ds act was a violent and malicious interference w/ Ps livelihood. Ct. also noted that if ducks had been lured away from Ps pond by Ds use of the same type of decoys for his own business, P would not have been entitled to recover.) 5. Externality- a social or monetary consequence or side effect of ones economic activity, causing another to benefit without paying or to suffer without compensation. 1 C. Creation 1. Copycats General Rule- If you create something if in a sense you are first in time then that something is certainly yours to exploit because the foundation of proprietary rights is the expenditure of labor and money. ( INS- Where a company has expended resources in creating news and information; the creator can exclude others form copying it until its commercial value as news has expired. P has invested interest in news and has a right to exclude.) EXCEPTION 2. In absence of any recognized right, a mans property is limited to his chattel which embody his inventions. Others may imitate these at their pleasure.... View Full Document

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