Property Law
The Code recognizes many ways of disposing of property: sale, lease, barter, gift, dedication, deposit, loan, or pledge, all of which were matters of contract. Sale was the delivery of a purchase (in the case of real estate, symbolized by a staff, a key, or deed of conveyance) in return for purchase money, receipts being given for both. Credit, if given, was treated as a debt, and secured as a loan by the seller to be repaid by the buyer, for which he gave a bond.
The Code only allows claims substantiated by documents, or in some cases the oath of witnesses. Saving contracts and receipts thus assumed a vital importance in Babylon - in fact it could literally be a matter of life or death. A buyer had to be sure of the seller's title. If he bought (or received on deposit) property from even a minor or a slave without witnessing contracts, he would be executed as a thief (§7). If purchased goods were stolen and the rightful owner reclaimed them, he had to prove his purchase by producing the seller and the deed of sale, or witnesses to it; otherwise, he would be adjudged a thief and die. If he proved his purchase, he had to give up the property but could pursue a remedy against the seller or, if the seller had died, could reclaim fivefold from his estate.
A man who bought a slave abroad might find that he had previously been stolen or captured from Babylonia; he would then have to restore him to his former owner without recompense. If he bought property belonging to a feudal holding, or to a ward in Chancery, he had to return it as well as forfeit what he paid for it. He could repudiate the purchase of a slave attacked by the bennu sickness within a month (later, a hundred days) and could hold a newly purchased female slave for three days "on approval". A defect of title, or an undisclosed liability, would invalidate a sale at any time.
Read more about this topic: Babylonian Law
Famous quotes containing the words property and/or law:
“It is better to write of laughter than of tears, for laughter is the property of man.”
—François Rabelais (1494–1553)
“From the war of nature, from famine and death, the most exalted object which we are capable of conceiving, namely, the production of the higher animals, directly follows. There is grandeur in this view of life, with its several powers, having been breathed into a few forms or into one; and that, whilst this planet has gone cycling on according to the fixed law of gravity, from so simple a beginning endless forms most beautiful and most wonderful have been, and are being, evolved.”
—Charles Darwin (1809–1882)