Discuss the position of the parties from a legal perspective

Reference no: EM133321298

Assignment:

Mary and Joseph who recently purchased their new home contracted with a carpenter named Jesse to re-model their 19th century small cottage on the outskirts of town. Jesse begins the expansion the one-bedroom house and is half way finished, when Jesse finds in the attic on one of the roofs beams a precious stone that seems to have been there for many years as result of the layers of dust on it. Jesse polishes the stone and finds out that it is a 5-carat diamond worth over one million dollars. Mary and Joseph ask Jesse to give it to them since it was in the cottage they bought. Jesse said, "Finders' keepers' losers' weepers." Mary and Joseph file suit to recover the stone from Jesse.

Discuss the legal principles involved and the position of the parties from a legal perspective. Using case law what will be the result of the suit?

Reference no: EM133321298

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