In a civil case for conversion involving the unauthorized use of property, the specific legal remedy that can be requested is typically compensation for the value of the property that was wrongfully used or damages for the loss suffered as a result of the unauthorized use.
Conversion, in legal terms, is any unauthorized act that deprives owners of personal property without their consent. Felony theft by conversion is punishable up to 10 years in jail.
No, this would be the intentional tort of "conversion" of your property for their own use, a form of theft, much like embezzlement (unauthorized personal use of that which is entrusted to your care). You could sue to have the property returned or for its full replacement value.
A fence gap blocker can be used to fill in gaps or openings in a fence, making it harder for unauthorized individuals to enter a property. This physical barrier helps to deter trespassers and enhance the security of the property.
"Posted" on property means that signs have been put up to indicate that the property is private or restricted, and that trespassing or unauthorized entry is not allowed.
The basis of property purchased as the result of an involuntary conversion on which gain is not recognized is the cost of the replacement property less the amount of gain not recognized on the conversion. If qualifying replacement property is received as the result of an involuntary conversion, the replacement property's basis is the same as the basis of the involuntarily converted property decreased by any loss recognized on the conversion and any money received and not spent on qualifying replacement property. The basis is increased by any gain recognized on the conversion and any cost of acquiring the replacement property (Code Sec. 1033 (b) ¶ 29,640, ¶ 29,644).
Reactivity / volatility.
Yes, in a civil case of conversion, you can request restitution for the value of the wrongfully converted property.
A drug dealer using drugs as means to own property, from an unscrupulous seller.
State laws generally provide that a person commits theft if he obtains or exercises unauthorized control over the property of another with a purpose to deprive him thereof. There are many different ways by which a person can commit theft. A person may commit theft by simply taking the property of another, by converting another's property to their own use, by embezzlement, etc.Therefore, in various criminal codes theft is classified as "Theft by Unauthorized Taking or Transfer".State laws generally provide that a person commits theft if he obtains or exercises unauthorized control over the property of another with a purpose to deprive him thereof.
A Mortgage is a pledge of real property to a creditor as security for the repayment of a debt involving the property.
According to IC 35-43-4-3(Indiana state law) Misdemeanor conversion is defined as knowingly or intentionally exerting unauthorized control over property belonging to another person. This can apply to stealing/shoplifting goods from a store or refusing to return property that is on loan to you etc. The following website can explain it in greater detail. It is a class A misdemeanor that in the state of Indiana carries a maximum penalty of $5,000 in fines and up to 1 year in jail.
Unauthorized use of property refers to the act of using someone else's property without permission or legal right. This can include physical property, such as vehicles or equipment, as well as intellectual property, such as copyrights or trademarks. Such actions may lead to legal consequences, including civil lawsuits or criminal charges, depending on the severity and context of the misuse. Essentially, it violates the owner's rights and can result in financial or reputational harm.