Which of the Following Statements Is Correct with Respect to the Person

question 70

Multiple Choice

Which of the following statements is correct with respect to the person who is entitled to found property?

• A) When a person finds valuable property, he must turn it over to the police, and if the rightful owner is not found, the property goes to the government.
• B) When a person finds a valuable watch in a public place, he is entitled to that property over everyone else including the rightful owner.
• C) When a person finds a valuable watch in a public place, he is entitled to that property over everyone else except the rightful owner.
• D) When an employee finds an item of lost property on the premises of his employer, he is entitled to that lost property if the rightful owner cannot be found.
• E) You only have a claim to personal property you find if it is a chose in action.

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Definitions:

Cash Receipts Journal

A specialized accounting journal used to record all cash inflows of a business, including sales and debt collections.

Headings

Titles or captions of sections of a document or article, designed to introduce new sections and help readers understand the structure and content.

Purchases Journal

A dedicated journal used to record all purchases of goods and services on credit, aiding the management of accounts payable.

Headings

Short titles or captions used to identify sections of a document or to introduce topics.