Personal Property to Which an Owner Has Relinquished All Right

question 16

Multiple Choice

Personal property to which an owner has relinquished all right and title and which is not given to someone through a validly executed will has been _____.

• A) mislaid
• B) abandoned
• C) lost
• D) bequeathed

---

Definitions:

Certified Check

A check guaranteed by a bank, verifying that the signer has enough funds available and that the signature is genuine.

Cashier's Check

A check issued by a bank, drawn on its own funds and signed by a cashier, guaranteeing payment.

Liable

The condition of being legally accountable for specific actions or responsibilities, particularly in relation to debts or legal duties.

Oral Stop-Payment Order

A verbal instruction to a financial institution to cancel the payment process of a check or transaction.