Bram Finds a Tablet on the Counter at Caffe Café

question 25

Multiple Choice

Bram finds a tablet on the counter at Caffe Café. He takes the tablet to a police station. A police officer tells Bram that under state law if the tablet is not claimed by a certain time, Bram can obtain title to it. This is acquiring possession by

• A)an estray statute.
• B)a bailment.
• C)confusion.
• D)production.

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Definitions:

Product Warranty Expense

Costs that a company anticipates or incurs for repairing, replacing, or compensating for defective products during the warranty period.

Sales Price

The amount a customer pays to purchase a product or service.

Replacement Warranty

A guarantee provided by a seller or manufacturer to repair or replace defective goods within a certain period after purchase.

Repair Defects

The process of identifying and correcting flaws or issues in products or systems.