Property Intentionally Placed Somewhere by Its True Owner,who Then Forgets

question 81

Multiple Choice

Property intentionally placed somewhere by its true owner,who then forgets its location,is best classified as which type of property?

• A)Terminated
• B)Abandoned
• C)Discarded
• D)Lost
• E)Mislaid

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Definitions:

Manufacturer List Prices

The recommended retail price set by the maker of a product, indicating the price retailers are suggested to sell at to consumers.

Acronym

A word formed from the initial letters of a name or by combining initial letters or parts of a series of words.

FOB

Free On Board; a term in international commercial law specifying at what point the risk of loss shifts from the seller to the buyer.

Trade-In Allowance

The amount credited to the buyer by the seller when the buyer gives a previously owned product as part of the payment for a new product.