Lost property legally has the same status as mislaid property.

Name: Lost property legally has the same status as mislaid property.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Mislaid property differs from lost property in that the owner has intentionally placed the property somewhere but has forgotten its location. The person who owns the realty on which the mislaid property was placed has the right to hold the mislaid property. The reason is that it is likely that the true owner will return to the realty looking for the mislaid property.

Lost Property Legally Has the Same Status as Mislaid Property