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Property I
Southern Illinois University School of Law
Noble-Allgire, Alice M.

Property I Outline
 
 
I.                   Real Property
A.                  Rights in land
B.                  “Real actions”- P recovers the actual object of the lawsuit
C.                  Actiones in personam- P recovers damages for the wrongs of P’s property
 
II.                 Personal property
 
A.                 Tangible physical objects
 
1.                   Wild animals
 
a.                   Pierson v. Post
1.                   Occupancy
2.                   Mere pursuit is not enough
 
b.                  State v. Bartee
1.                   Animals can be the object of theft
2.                   State can own them (when the animal is no longer at large)
 
c.                   Exceptions
1.                   Domesticated animals that escape remain property of the original owners
 
2.                   Animals that escape and the owner is in “hot pursuit”
 
3.                   Animals not native to the area aren’t “wild animals”
 
B.                 Intangible items
 
1.                   Bank accounts
2.                   Stock
3.                   Debits
 
C.                 Found Property
 
1.                   Classifications
 
a.                  Lost
1.                   Unintentionally misplaced somewhere
2.                   Finder has rights against all but the true owner
 
b.                  Abandoned
 
1.                   Owner voluntarily gives up all rights of possession
2.                   Finder has rights against everyone
 
c.                   Mislaid
1.                   Intentionally placed somewhere and forgotten where it was
 
2.                   Owner of the premises has right against all but the true owner
a.                   True owner would come looking to the place their left their property
b.                   Finder has no rights
 
3.                   Benjamin v. Linder Aviation
 
4.                   Favorite v. Miller
a.                   Finder’s rights are void if trespass occurs
b.                   Can’t reward wrongdoers for their wrongs
 
5.                   Embedded property in the ground
a.                   Goes to owner of the premises
b.                   Don’t want people digging into the ground of others
 
d.                  Treasure Trove
1.                   Monetary objects very old concealed by the owner
 
2.                   Must have antiquity
 
3.                   Hidden for such a long time that the true owner is probably dead or undiscoverable
 
4.                   Finder has rights against all but the true owner
 
e.                  Finder
1.                   Acquires rights to property when lost, abandoned, or treasure trove
 
2.                   Encourages people to turn in found property and in turn increases the chance that the true owner w

rdinarily, bailees are held to strict liability for misdelivery (you know who the bailor is)
2.                   Exception: when bailee does not know who the bailor is (then, just negligent)
 
4.                   Held to an ordinary standard of care
a.                   Singer Company v. Stott and Stoda
 
b.                   Limiting liability (Exculpatory Clause)
1.                   Not valid if it creates a disparity between the bargaining powers of the parties (unconscionability)
 
2.                   Bailor doesn’t assent to the terms just by reading a clause
 
3.                   Valid for those who understand limits (i.e. lawyers, people who work in that business)
 
4.                   Carr v. Hoosier Photo
 
5.                   Can’t just place a statement on a receipt or on the item
 
c.                   Held to the general standard of the business
 
d.                  Under common law
1.                   Bailor benefit- Bailee has a low level of care (slight care)
2.                   Bailee benefit- Bailee owes a great level of care
3.                   Mutual benefit- Ordinary care