What is ACQUISITION? Definition of ACQUISITION in Black's Law Dictionary
The act of becoming the owner of certain property; the act by which one ac- quires or procures the property in anything. State ex rel. Fisher v. Sherman, 135 Ohio St. 458, 21 N. E.2d 467, 470. Used also of the thing acquired. Hartigan v. City of Los Angeles, 170 Cal. 313, 149 P. 590, 592. Taking with, or against, consent.
Scribner v. Wikstrom, 93 N.H. 17, 34 A.2d 658, 660. Especially a material possession obtained by any means. Jones v. State, 126 Tex.Cr.R. 469, 72 S.W.2d 260, 263.
Original acquisition is that by which a man secures a property in a thing which is not at the time he acquires it, and in its then existing condition, the property of any other individual. It may result from occupancy; 2 Kent, 289; accession; 2 Kent, 293; intellectual labor—namely, for inventions, which are secured by patent rights; and for the authorship of books, maps, and charts, which is protected by copyrights; 1 Bouv.Inst. 508, n.
Derivative acquisitions are those which are procured from others. Goods and chattels may change owners by act of law in the cases of forfeiture, succession, marriage, judgment, insolvency, and intestacy; or by act of the parties, as by gift or sale.
An acquisition may result from the act of the party him- self, or those who are in his power acting for him, as his children while minors; Gale v. Parrot, 1 N.H. 28. See Dig. 41. 1. 53; Inst. 2. 9. 3.
See Accession.
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