Which of the following is true of lost property?

Question

Quizplus · Accepted Answer

The principle of "finders keepers" does not apply to lost property. The finder only obtains title to the property over everyone except the true owner. The finder has a legal obligation to make reasonable efforts to return the property to the rightful owner. If the owner cannot be found, the finder may be entitled to keep the property under certain circumstances, such as if the property was abandoned. However, the finder does not obtain title to the property against the owner.

Which of the Following Is True of Lost Property