Which of the Following Statements Is True Regarding Lost Property

question 71

Multiple Choice

Which of the following statements is true regarding lost property?

• A) In most states, the finder of lost property has title against all others, including the person who lost the property.
• B) In most states, the finder of lost property has title against all others except the person who lost the property.
• C) In most states, the finder of lost property has no title against others and must turn over the property to the police department for later sale if the true owner cannot be located.
• D) In all states, the finder of property has an obligation to put a notice in the local paper looking for the true owner attempting to claim ownership.
• E) In most states, the finder of lost property has against all others except the person who lost the property, but that right only arises if the finder of the property can establish that she spent an amount of at least one-fifth of the fair market value of the property attempting to locate the owner.