If the true owner does not come forward and the finder does not wish to claim ownership,title to the property:
A) transfers to the state.
B) remains with the finder.
C) transfers to the highest bidder.
D) remains with the owner.

Question

Quizplus · Accepted Answer

If the true owner does not come forward and the finder does not wish to claim ownership, the property will be transferred to the state. This is called escheatment, and it ensures that unclaimed property does not remain in legal limbo indefinitely. Once the state takes possession of the property, it may be sold or auctioned off in order to raise funds.

If the True Owner Does Not Come Forward and the Finder