The distinction between lost and mislaid property is based on how the property came to be in the place where it was found.

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Quizplus · Accepted Answer

The distinction between lost and mislaid property is indeed based on how the property came to be in the place where it was found. Lost property is one that the owner has unknowingly and unintentionally parted with, whereas mislaid property is intentionally placed by the owner, but is simply forgotten or overlooked.

The Distinction Between Lost and Mislaid Property Is Based on How