Whish of the Following Statements Is Most Likely to Be

question 40

Multiple Choice

Whish of the following statements is most likely to be true regarding lost property?

• A) It is a personal property to which an owner has relinquished all right and title.
• B) It can be acquired by someone only through a validly executed will.
• C) The finder has superior claim to the property against all except the true owner.
• D) The owner of the premises where the property is found is entitled to claim the property.

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Definitions:

Undisclosed Limitations

Restrictions or constraints on an agreement or condition that are not made known to all parties involved.

Undisclosed Principal

A principal whose identity is unknown by a third party, and that party has no knowledge that the agent is acting for a principal at the time the agent and the third party form a contract.

Tortious Act

A wrongful act or infringement of a right leading to legal liability, not arising from a contract or statute.

Estopped

A legal principle that prevents someone from arguing something contrary to a claim previously made or accepted in court.