GP5

Running head : GP5

University

Name

Course

Tutor

Date

GP5

A lost property is one which is found in a locality where it is likely that its true owner had no intent of placing it and the owner is not likely to find it . On the other hand , misplaced property is one which the true owner placed it somewhere and forgot to pick it up . Conversely abandoned property is one which the true owner intended to leave somewhere due to the state it was in (Litka Inman , 1983 p

This plane could have been termed as lost or abandoned . The collector of the airplane - Doug Chaplin , thus lost in the court ruling since the plane was a lost and found property (Stewart , Warner Portman , 2008 The plane could have remained to be the property of Chaplin but since The Navy found it and because they are the true owners they have a right to repossess it . Chaplin should have turned the plane over to the proper authorities . Moreover , if the owner does not go to claim it for a certain time period , then the plane could be reverted back to Chaplin (Warda , 2005 . The plane was ruled to be belonging to The Navy even though Chaplin could have been rewarded for his effort to recover the plane . The court could also have ruled that the plane constituted an abandoned property and thus was supposed to be a property of the government of which The Navy was also part of the government . Chaplin...