When a person misplaces or loses personal property, the finder of the property is considered to be the owner, since possession is 9/ 10 of the law.

Question

Quizplus · Accepted Answer

This statement is false. The finder of lost property does not automatically become the owner. The true owner of the property can still claim it and regain possession. There may also be legal requirements for the finder to report the found property to authorities or attempt to locate the true owner.

When a Person Misplaces or Loses Personal Property, the Finder