Finders Weepers, Losers Keepers
LEAD STORY-DATELINE: The News Journal, July 20, 2000.
In 1943, During World War II, a Navy TBD-1 Devastator crashed eight
miles of the coast of Florida. The entire crew survived and there is no
indication that any efforts were made to locate the plane by the Navy.
Collector Doug Champlin, the owner of an airplane museum in Arizona,
spent approximately $130,000.00 to recover the plane. The problem has to
do with ownership. He claims to be the owner of the lost/abandoned
plane. The Navy claims ownership and wants to put the plane in the
HYPERLINK "http://www.naval-air.org" \t "_blank" National Museum of
Naval Aviation at Pensacola, Naval Air Station. The TBD-1 Devastator
has significant historical value as no Devastators survived the war.
The 11th U.S. Circuit Court of Appeals recently ruled that only Congress
can order the abandonment of federal property. Hence the Navy owns the
plane. Mr. Champlin doesn't mind giving the plane back to the Navy; he
just wants to be reimbursed. The Navy is hesitant to pay and Mr.
Champlin is considering an appeal to the Supreme Court.
Business Homework Solutions
#41420
Business Law: Statute of Limitations
1. Do you think that Mr. Champlin should have consulted with the Navy before spending his time and money on this project? Consider whether there should be a time limit or statute of limitations regarding the forfeiture or non-forfeiture of title.
2. Consider what this rule might mean to businesses, particularly those that contract with the government. Consider, for example, a store or outlet that purchases federal/military surplus.
Article (also attached)
Finders Weepers, Losers Keepers
LEAD STORY-DATELINE: The News Journal, July 20, 2000
In 1943, During World War II, a Navy TBD-1 Devastator crashed eight miles of the coast of Florida. The entire crew survived and there is no indication that any efforts were made to locate the plane by the Navy. Collector Doug Champlin, the owner of an airplane museum in Arizona, spent approximately $130,000.00 to recover the plane. The problem has to do with ownership. He claims to be the owner of the lost/abandoned plane. The Navy claims ownership and wants to put the plane in the National Museum of Naval Aviation at Pensacola, Naval Air Station. The TBD-1 Devastator has significant historical value as no Devastators survived the war.
The 11th U.S. Circuit Court of Appeals recently ruled that only Congress can order the abandonment of federal property. Hence the Navy owns the plane. Mr. Champlin doesn't mind giving the plane back to the Navy; he just wants to be reimbursed. The Navy is hesitant to pay and Mr. Champlin is considering an appeal to the Supreme Court.
This is an important case with tremendous implications. I provide an interesting perspective on this case that addresses both the desires of individuals like Doug Champlin and the powers of the US military.
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- Should the Federal Government have special rules or should federal property be subject to the same laws/rules/regulations as private property? why or why not? - Finders Weepers, Losers Keepers The News Journal, July 20, 2000. In 1943, During World War II, a Navy TBD-1 Devastator crashed eight miles of the coast of Florida. The entire crew survived and t ...
- Business Law - Details: Finders Weepers, Losers Keepers The News Journal, July 20, 2000. In 1943, During World War II, a Navy TBD-1 Devastator crashed eight miles of the coast of Florida. The entire crew survi ...
- Navy tbd-1 devastator - In 1943, During World War II, a Navy TBD-1 Devastator crashed eight miles of the coast of Florida. The entire crew survived and there is no indication that any efforts were made to locate the plane by ...
- need help giving a clear answer not sure how to write it - In 1943, During World War II, a Navy TBD-1 Devastator crashed eight miles of the coast of Florida. The entire crew survived and there is no indication that any efforts were made to locate the plane by ...
- What are the differences among lost, misplaced, and abandoned property - Finders Weepers, Losers Keepers The News Journal, July 20, 2000. In 1943, During World War II, a Navy TBD-1 Devastator crashed eight miles of the coast of Florida. The entire crew survived and t ...
