Personal property is lost when an owner does not know where it is located but intends to retain title or ownership to it.

Question

Quizplus · Accepted Answer

Personal property can be lost if the owner does not know its location, but as long as the owner still intends to retain ownership rights to it. However, if the owner has abandoned the property or given up ownership rights, it would not be considered lost property.

Personal Property Is Lost When an Owner Does Not Know