While Peter Was Co- Renting a House He Found a Bag

question 6

Multiple Choice

While Peter was co- renting a house he found a bag of old dollar notes that had been hidden behind some bags in the garden shed.If the true owner cannot be found who is likely,under common law,to have the best title to the goods?

• A)The person who owned the house when the notes were probably hidden away.
• B)The person who owns the house where Peter found the notes.
• C)Peter's flatmate,because the rental agreement was in her name.
• D)Peter.

---

Definitions:

Minimum Cash Balance

The lowest amount of cash that a company or individual seeks to maintain on hand to meet immediate expenses.

Raw Material

Basic materials used in the production process, which are transformed into finished goods.

Finished Goods

Units of product that have been completed but not yet sold to customers.

Work in Process

Inventory items that are in the process of being produced but are not yet complete, representing a stage between raw materials and finished goods.