Shipwreck Legislation: Legality vs. Morality
Legality versus Morality
by Gary Gentile
...That all property is owned by someone seems a simple statement. Yet there comes a time in the existence of every piece of property when its ownership no longer can be validated. Some things are discarded, some abandoned, some lost, and some stolen....
Add a comment
If the previous owner either public or private wish to have the items returned they should have first option to purchase on the open market. One concession to the privous owners could be to allow credit for any cost they could substantiate for trying to locate the items themselves deducted from the open bid process minus the salvor's expenses.