Quote:
Originally Posted by benjulmag
On this one we'll agree to disagree. I'm talking here of the narrow instance where the rightful owner learns of the whereabouts of his property, knows it is about to transact to an unknowing third party purchaser, and takes no actions whatsoever to notify that person the item is stolen, or otherwise assert claim of ownership. I believe that in such an instance rights you once had to reclaim your property can in time through such inaction be lost. Maybe I'm wrong about this, but that is my understanding. Yes, of course as a society we don't want to reward crime and want the victims of theft to get their property back. But at the same time we also want good faith third party purchasers to be comfortable transacting business and not be asked years down the road to suffer potentially great financial loss when the loss could have been entirely avoided by the original owner taking reasonable actions.
And, as I mentioned, I believe this concept has been codified into law in regard to stolen WWII artwork.
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again, have your lawyer explain whether a thief can pass title to stolen chattels even to a "good faith purchaser." enough whining.