ACQUISITION

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ACQUISITION

ACQUISITION, property, contracts, descent. The act by which the person procures the property of a thing. 2. An acquisition, may be temporary or perpetual, and be procured eitherfor a valuable consideration, for example, by buying the same; or withoutconsideration, as by gift or descent. 3. Acquisition may be divided into original and derivative. Originalacquisition is procured by occupancy, 1 Bouv. Inst. n. 490; 2 Kent. Com.289; Menstr. Leg. du Dr. Civ. Rom. Sec. 344 ; by accession, 1 Bouv. Inst. n.Sec. 499; 2 Kent., Com. 293; by 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. n. 508. 4. Derivative acquisitions are those which are procured from others,either by act of law, or by act of the parties. Goods and chattels maychange owners by act of law in the cases of forfeiture, succession,marriage, judgment, insolvency, and intestacy. And by act of the parties, bygift or sale. Property may be acquired by a man himself, or by those who arein his power, for him; as by his children while minors; 1 N. Hamps. R. 28; 1United States Law Journ. 513 ; by his apprentices or his slaves. Vide Ruth.Inst. ch. 6 & 7; Dig. 41, 1, 53; Inst. 2,9; Id. 2,9,3.

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