Which of the following statements is true about lost items?
A) The law distinguishes things that have been lost from things that have simply been mislaid.
B) The things that have been lost belong to the person who owns the premises where the item was lost.
C) The finder of a lost item becomes the owner of the item even before reducing it to possession.
D) The ownership is lost at the end of a statutory period for the finder of a lost item.
E) The assumption of knowledge about the original owner is irrelevant in determining the ownership of the mislaid item.

Question

Quizplus · Accepted Answer

The law distinguishes things that have been lost from things that have simply been mislaid. Things that have been lost go to the first person who subsequently reduces them to possession, but things that have been mislaid go to the person who owns the premises where the item was mislaid.

Which of the Following Statements Is True About Lost Items