Which of the following is true regarding lost property?
A) In most states the finder of lost property has title to the lost good against all including the person who lost the property.
B) In most states the finder of lost property has title to the lost good against all except the person who lost the property.
C) In most states the finder of lost property has no title to the lost good because the good is to be turned over to the police department for later sale if the true owner cannot be located.
D) In all states the finder of property has an obligation to put a notice in the local paper looking for the true owner before the finder of the property can claim ownership.
E) In most states the finder of lost property has title to the lost good against all except the person who lost the property, but that right only arises after the finder of the property can establish that the finder spent at least one-fifth of the fair market value of the property in locating the owner.
Correct Answer:
Verified
Q35: Which of the following is property that
Q36: Which of the following is not a
Q37: Bank accounts,stocks,and insurance policies are examples of
Q38: Property that the original owner has discarded
Q39: Which of the following is a term
Q41: In order to enforce a right to
Q42: Which of the following was the result
Q43: Which of the following is true if
Q44: Which of the following is true regarding
Q45: Which of the following is true regarding
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents