Solved

Acme Corp Owns an Expensive Widget

Question 33

Multiple Choice

Acme Corp owns an expensive widget.Which of the following statements is TRUE?


A) If Acme Corp intentionally abandons the widget, you will be entitled to keep it for yourself only if you take possession of it without actual knowledge that it had been abandoned.
B) If a thief steals the widget and sells it to you, you will be liable to Acme Corp for the tort of conversion only if you actually knew that the widget was stolen.
C) If Acme Corp loses the widget, and you find it but are unable to determine its true owner, you will be able to sue me for the tort of conversion if I forcibly take it from you.
D) If a thief steals the widget, and I buy it from the thief without knowing about the theft, then the Acme Corp and I will share ownership of the widget.
E) If Acme Corp created the widget, then the widget will not have an owner unless and until someone buys it from the company.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents