GP5BUS255 - Running head: Controversial Ownership of...

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Running head: Controversial Ownership of Property 1 Controversial Ownership of Property Ashleigh Flemons, Olivia Brown American InterContinental University Unit 5 Group Project/BUS255-1107A May 29, 2011
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Running head: Controversial Ownership of Property 2 Abstract Man laws and rules when it comes to Personal property, it’s important to know which ones define the other, and that you are in the correct realms of the law to claim either mislaid property, abandoned property and lost property, There are differences. Federal rules and guidelines apply to these as well. At some point there is even entitlement but the question is to whom, the owner, person who found it, or the person who completely forgot the property and placed it somewhere. Seems tricky but there are ways to settle this and come out correctly just. Even businesses have a part to play in this area of ownership. Provisions come into play when the government is involved, contracts have to be considered and evaluated. The TBD-1 Devastator was ruled by federal government private property and must follow the same federal rules as private property, only Congress can order the abandonment of a federal property.
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Running head: Controversial Ownership of Property 3 Controversial Ownership of Property Considering who has ownership, it originally belonged to the federal government being that U.S. Navy flew this plane, it did not just come out of nowhere. Ownership rights to property differ, depending on whether the property is lost, abandoned, or mislaid. According to Cheeseman, Lost property is when an owner negligently carelessly leaves that property somewhere. (2009) The finder gains control to such property against whole world accept the true owner. Now if they ‘finder’ comes into knowledge of whom the owner is, or owner finds them; if finder refuses to return that set property they become into a legal issue that makes them liable for the tort of conversion and crime of larceny. Abandoned property- is when an owner discards the property with the intent to relinquish their rights or a mislaid or lost property by an owner gives up any attempts to locate it. (Cheeseman, 2009) Another definition from ezinearticles website sums it up as items that are given up by an owner with no intent to reclaim them. (Giannaros, (n.d) This could mean possibly the owner voluntarily or not; gave up ownership without investing ownership to another person and with intention of not reclaiming future rights therein. If not in compliance there could be fines. Mislaid Property is defined according to Webster’s New World Law Dictionary; property
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GP5BUS255 - Running head: Controversial Ownership of...

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