What Rights Does a Finder Have to Abandoned Property

question 15

Multiple Choice

What rights does a finder have to abandoned property?

• A)A finder has title to and absolute right to possession of abandoned property.
• B)In states adopting the Uniform Disposition of Property Act, a holder of property that the law presumes is abandoned need not turn the property over to the state.
• C)None, it must be held until the original owner can be found.
• D)A finder has title against all others but the true owner.

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Definitions:

Comprehensive Income

The change in equity of a business entity during a period from transactions and other events and circumstances from non-owner sources. It includes all non-owner changes in equity, not just those from net income.

Dividends Declared

A portion of a company's earnings that is decided by the board of directors to be distributed to shareholders.

Statement Of Comprehensive Income

A financial statement that displays all changes in equity during a period except those resulting from investments by and distributions to the company’s shareholders.

Other Comprehensive Income

Income that includes all changes in equity from non-owner sources, such as foreign exchange adjustments or unrealized gains/losses on certain investments, not included in net income.