A person who finds mislaid property acquires title to the goods.

Question

Quizplus · Accepted Answer

A person who finds mislaid property does not acquire title to the goods, but rather has a duty to turn them over to the owner or to the legal authority in charge of lost and found items. The owner of the premises where the property was found may have a right to claim it as their own. Only if the owner does not claim the property within a certain period of time may the finder be able to claim it as their own through a legal process known as "adverse possession."

A Person Who Finds Mislaid Property Acquires Title to the Goods