Property Analysis

Certain Universal Rules
	1) 1st in X, 1st in rt.
	2) Kid follows the mom
	3) Sanctity of home
Soc. Policies
	1) Peace & order
	2) Reduce litigations; jud. eff.
	3) Encourage econ. dev./investment; protect hard work & labor
	4) Discourage lying (protect possn, no S/M / intent quests)
	5) Flexibility v. predictability balance in rules
	6) Management of socs resources (wildlife, assets, etc.)
	7) T.O.s rt.s v. jud. eff. balance (stale claims, etc.)
Balance of Prop. Rts
	1) Prop. rts R relative
	2) Rts dep. on X & title
		1. T.O.> 1st Finder > 2nd Finder, etc. 
		2. Adverse Possr (poss'ry title) > T.O. (paper title) > Finders
		3. Actual Poss'n > Constructive Poss'n > No Poss'n (missing 
		intent/control)
	3) Prop. can B owned by more than 1 owners
4 Ways of Acquisitions of Prop.
	1) Capture
	2) Find
	3) Adverse Poss'n 
	4) Gifts of Personalty
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Acquisition of Prop. by Capture
	1) Pursuit doesn't meet poss'n rule so unless capture, no prop. rt.
	2) Poss'n=control + intent
	3) Soc. policy of wildlife management & flexibility of rule 
	dep'ing on ind's tech.

Acquisition of Prop. by Find
	1) Policy rsn drives 4 protecting all poss'ns by any finders, 
	bailors, & poss'rs
	2) Fixed rules
		1. Table (mislaid so owner wins) v. Floor (lost so finder wins)
		2. Underground/ below soil, owner/bailor/landlord etc. wins
		3. Imply constructive poss'n & knowledge 4 homeowners
	3) Intent dif.'s 4 props parted from T.O.
		1. Lost=T.O. UNINTENTIONALLY parted w/it
		2. Mislaid=T.O. INTENTIONALLY placed but forgot
		3. Abndoned=T.O. INTENTIONALLY left on purpose
 
Acquisition of Prop. by Adverse Poss'n
	1) Settle dif. in paper v. possry titles 4 possry title when C/A 
	of ejectment has 
	run
	2) Policy rsns 4 v. against
		1. Econ. dev. v. waste of resources
		2. X'ly resolution v. injustice against T.O.
		3. Reward adverse poss'rs investment v. encourage bad 
		cond. (theft)
		4. Flexible v. uncertain outcome
		5. Encourage lookout v. Discourage land sharing
	3) Required Elements
		1. Actual entry giving exclusive poss'n 
		2. Open & notorious
		3. Adverse & under claim of rt. (S/M irrelev, hositiliy, 
		/ good faith)
		4. Cont. 4 statutory per.
	4) Other elements
		1. Color of title--constructive poss'n 4 demonstrating 
		good faith req
		2. Tack & privity
		3. Tolling (Can't tack disabilitites)

Acquisition of Prop. by Gifts of Personalty
	1) 2 types of gifts--intervivos ( irrevocable) & causa mortis (revocable)
	2) Elements
		1. Intent
		2. Delivery (deed, actual, symbollic, / constructive)
		3. Acceptance
	3) Policies 4 clearest evid. of intent
		1. Must deliver actually if possible
		2. Must have actual delivery in gift causa mortis b/c its 
		like oral will

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