phildonnia said:
It may help to consider different theories of the origin of property in the context of other "non-real" property, in which case #2 is still very much alive.
Mainly, there is the so-called "intellectual property", which is the subject of much controversy today.
There's also stuff like EMF bands (which in the US are owned by the government and leased to private enterprises)
Very true. I should have clarified my statement to mean only real, physical, geographical property.
#2 is very much alive in other property claims, or there wouldn't be treasue hunters. IIRC, unless there is some outstanding circumstance, lost property can be claimed by the first person to find it. So treasure hunters usually have a legal claim to the things they find.
There was an interesting case a while back. A contractor hired to do some demolition on an old house found a couple hundred thousands dollars tucked away in a false wall. The house was owned by a guy that had just bought it from another guy.
The contractor, the current owner of the house and the former owner of the house all tried to claim ownership of the money. They found evidence the false wall was built well before any of them had been near the house, but the original owner (who they were pretty sure the money belonged to) was well dead and out of the picture..
The contractors claim was he was the first to find the money, so it should be his. The former owner claimed that when he sold the house, the contract didn’t include property left in the house. So since the contract didn’t include the money, the money should be his. The current owner, naturally, argued it should be his, since he owns the house.
Who do you think got the money? Actually, it was settled in arbitration I believe, but all the experts I read seemed to think the law was behind the contractor! I guess a component of ownership is that you have to be aware you owned it. Since neither the former owner, nor the current owner, knew the money was there, they can’t claim ownership. So the ownership would fall to discovery.
I will try to find a link to that case, because it was quite interesting. And I may have messed up some details.
