Which of the following statements is correct with respect to the person who is entitled to found property?
A)When a person finds valuable property,he must turn it over to the police,and if the rightful owner is not found,the property goes to the government.
B)When a person finds a valuable watch in a public place,he is entitled to that property over everyone else except the rightful owner.
C)When a person finds a valuable watch in a public place,he is entitled to that property over everyone else including the rightful owner.
D)When an employee finds an item of lost property on the premises of his employer,he is entitled to that lost property if the rightful owner cannot be found.
E)You only have a claim to personal property you find if it is a chose in action.

Question

Quizplus · Accepted Answer

According to the common law principle of "finders keepers," when a person finds lost property in a public place, they have a right to possess that property over everyone except the rightful owner. However, the finder must take reasonable steps to locate the rightful owner (such as turning the property over to the police) before they can claim ownership. Option A is not entirely correct as the property may be returned to the finder if the rightful owner is not found. Option C is incorrect because the finder only has a superior right of possession over other parties except the rightful owner. Option D may be true in certain circumstances, but it is not a general rule. Option E is incorrect as the principle of "finders keepers" applies to personal property that is found in a public place, regardless of whether it is a chose in action or not.

Which of the Following Statements Is Correct with Respect to the Person