Question: Acquiring Resources through Possession
(a) Along a winding dirt road. Lee finds an old, rusty car with no license plates. Looking through the car, which is unlocked, he finds a valuable sing. Lam, the original buyer of the ring comes forward and admits that he has dumped the old car along the road, but wants his ring back. Who is legally entitled to the ring? Explain.
(b) The owner of Downtown Condos discovers that Schuyler Skyscraper actually extends 6 inches on to land belonging to Downtown. Discuss the legal ramifications.