Brian responds that the sunken ship was abandoned and


Peter is a sailor. One night he encounters a storm on Lake Michigan. Peter survives, but his boat sinks. Peter plans to return to the site of wreck to salvage its equipment and his possessions, but he delays. Meanwhile, Brian, an amateur driver, discovers the wreck and clean of any useful items. Peter learns of Brian's recovery and files a suit against Brian, claiming that the items are his. Brian responds that the sunken ship was abandoned and therefore he has good title to everything to which he took possession. What is the court likely to rule and why?

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Finance Basics: Brian responds that the sunken ship was abandoned and
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