Brief Fact Summary. The Petitioner (Defendant at trial) owned a house with a garage which needed to have concrete added on the floor over dirt and Petitioner hired Respondent’s employer to perform the concrete laying, during the course of which Respondent found $1000 which had been buried.
Synopsis of Rule of Law. The buried money falls into the category of “mislaid property” rather than “lost property” and creates a bailment in favor of the owner of the real estate upon which the money was found.
Issue. Does the Petitioner have the right to possess, as a bailee of the rightful owner, the money found on his land?
Held. Yes. The judgment of the Court of Civil Appeals is reversed and the judgment of the trial court is affirmed.
The Court declined to apply the doctrine of “treasure trove,” which, according to the Court had not been adopted by the State of Texas and was merged into the category of “lost” items generally.
The Court defined “lost property” as “that which the owner has involuntarily parted with through neglect, carelessness or inadvertence.” Citing the Note 170 A.L.R. 706. The money here was not “lost property,” as the term is commonly understood, because the rightful owner intentionally buried the money.
The Court defined “mislaid property” as that “which the owner intentionally places where he can again resort to it, and then forgets.” In this case, the money’s burial provides evidence that the rightful owner intended to hide the money away in a state of preservation, and then forgot or was unable to retrieve the money. The Court found that when an object is mislaid, possession of the mislaid object is rightfully had by the owner of the land upon which the object has been found, and that right of possession shall be enforceable against all except for the rightful owner of the object so mislaid.
Thus, the trial court was right to find that the money was “mislaid” and that Petitioner had the right of possession subject to a bailment in favor of the rightful owner. The Court held that when an object is “mislaid,” there is a presumption that the right of possession shall lie with the owner of the land upon which the discovery was made.
Concurrence. One of the concurring opinions would place this money in the category of “personal property found imbedded in the soil.” The other concurrence would abolish the categories altogether and instead hold that the right of possession shall attach to the owner of the land upon which the discovery is made.
Mislaid property includes property which the owner intentionally places where he can again resort to it, and then forgets.View Full Point of Law