Finders

Question 1

What are the 4 categories of Found Property?

Answer 1

1. Lost Property
2. Mislaid Property
3. Abandoned Property
4. Treasure Trove (pirates ahoy)

Question 2

What is Lost Property?

Answer 2

When the owner unintentionally and involuntarily parts with it through neglect or inadvertence and does not know where it is

Question 3

What is Mislaid Property?

Answer 3

Owner voluntarily puts property someplace, intending to retain ownership, but fails to reclaim it

Question 4

What is Abandoned Property?

Answer 4

When the owner intentionally and voluntarily relinquishes all rights, title, and interest to it

Question 5

What is Treasure Trove?

Answer 5

When the owner intentionally concealed gold, silver, currency, or other valuables in a secret place in the distant past

Question 6

What are Bailments?

Answer 6

the rightful possession of goods by one who is not the owner (people who borrow)

Question 7

What are examples of Bailments?

Answer 7

coat check, valet parking, repair shops, suit cases checked at the airport

Question 8

What is a bailee?

Answer 8

person who receives the chattel

Question 9

What is a bailor?

Answer 9

person who delivers the chattel

Question 10

What is a bailees duty?

Answer 10

to return the property to bailor who deposited it with bailee

Question 11

What are the 3 types of bailment (benefits)?

Answer 11

1. Mutual benefit of the bailor and the bailee
2. Primary benefit of the bailor
3. Primary benefit of the bailee