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Property Law (Dukeminier Concise Edition)Acquisition of PropertyBy FindBy Discovery / Capture (1st)By Adverse PossessionLost Property (title againstthe world, minus TrueOwner)-Armory v Delamirie-Hannah v PeelIf found on your land, is thefinder’s over yours, generally.-Not undergroundJohnson v M’IntoshPierson v PostKeeble v KickeringillPopov v Hayashi (baseball)Jacque v Steenburg HomesState v ShackHave to capture fugitiveresources to own them.1)Actual and Exclusive2)Open and notorious3)Continuous4)Under claim ofright/hostile& against successive ownersFulkerson v VanBurenHollander v WMCHoward v KuntoO’Keefe v SnyderBy GiftSubleases/Assignments1)Donor must intend to give the gift(transfer title)2)Donor must deliver the property3)Donee must accept the gift(presumed)Inter vivos = irrevocableGift causa mortisàIMMINENT death &revocableNewman v BostGruen v GruenAssignmentàEntire interestSubleaseàtenant has remainder interestErnst v CondittKendal v ErnestRecording System:1)Notice Jurisdictionà1stpurchaser’s deed has to be recorded BEFORE the occurrence ofthe 2ndpurchase to defeat the 2ndbuyer.2)Race Noticeà2ndpurchaser (bona fide, good faith) record before 1stbuyer to win3)Race JurisdictionàRecord 1stto win (w/ or w/o good faith)Luthi v Evans; Orr v ByersNuisanceàMorgan v High Penn Oil Co.Zoning-ConstitutionalityàVillage of Euclid v Amber Realty-Nonconforming UseàPA Northwest v Zoning Hearing Board-Expanding Aims of ZoningàState ex rel Stoyanoff v Berkeley;City of Edmonds v OxfordHouse;Southern Burlington County v Mt. Laurel.
The Estates SystemType of EstateFreehold Estate?Future interest bygrantor?Future interest heldby 3rdparty?Fee Simple AbsoluteYesNo future interestNo future interestFee Simple DeterminableYesPossibility ofReverterExecutory interestFee Simple Subject toCondition SubsequentYesRight of Re-EntryExecutory interestLife EstateYesReversionRemainderTerm of Years, periodictenancy & tenancy-at-will(leasehold)NoReversionRemainderFee simple absolute:“To Recipient (& heirs)(forever)”Life estate:“To A for life”;“to A for the life of B”Term of years:“to A for [time]”Periodic tenancy:“To A from year to year”Tenancy-at-will:“To A, so long as we both are willing”Fee simple determinable:“land to X, so long as Y”Fee simple subject to condition subsequent:“to A & heirs, but if [condition/event] thenGrantor retains right to re-enter”White v Brown; Mahrenholz; Kajo Church Square v WalkerFuture Interests:1)Possibility of Reverterà