real property - ANSWER✔✔-not as important as intellectual property in
today's world
property law - ANSWER✔✔-you have exclusive use to something
ownership - ANSWER✔✔-there was a transfer of rights (legally)
who gets the rights to property? - ANSWER✔✔-transfer of rights,
conquests, "first in time," "highest and best use"
highest and best use - ANSWER✔✔-basis for eminent domain
Johnson vs. McIntosh - ANSWER✔✔-supreme court case (with John
Marshall) where only white christian males can discover land. Still in place
today called discovery
Pierson vs. Post (1805) - ANSWER✔✔-Post is hunting for a fox, chases it all
day long until they tire it out. Finally, when it's cornered, his neighbor
Pierson hops out of the grass and shoots the fox and claims the fox. Pierson
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, wins since he has proof he killed the fox. Pursuit and wounding is not
enough in common law
Swift vs. Gifford (1874) - ANSWER✔✔-Swift vs. Gifford (1874 Mass)-
Gifford hunting whales, catches one with his harpoon, trying to tire it out,
then Swift comes along and throws his harpoon into it, and he wins the
battle over the whale. Gifford had a physical connection to the whale, but
pursuit and wounding is not enough. Brought in experts and they decided
that the "first iron holds the whale" if your line holds, thats your whale
Glen vs. Rich (1881) - ANSWER✔✔-Early examples of a trademark
trademark law - ANSWER✔✔-any unique identifier, such as company
symbols, words, sounds that last forever
Apple vs. Apple Corps (Beatles Record Label) - ANSWER✔✔-licensed their
trademark to Apple as long as they didn't make music. Computers started
making music and Apple was sued by the record label. Eventually Apple
bought out the trademark name for 500m
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