Which of the Following Statements Is True Regarding Rightful Ownership

question 5

Multiple Choice

Which of the following statements is true regarding rightful ownership of the lottery money?

• A)The gift was not automatically revoked on his recovery;therefore,because Devin did not revoke the gift prior to Kendra cashing the ticket,he has no rights to any funds.
• B)Devin's gift was automatically revoked when he recovered,and the lottery ticket and any proceeds are validly his.
• C)Devin has the right to all funds only because Kendra has a new boyfriend.
• D)Devin has no rights because once he gave the tickets to Kendra,he gave up all his rights to them.
• E)Although the gift was not automatically revoked on his recovery,Devin has the right to revoke the gift and recover the lottery proceeds.

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Definitions:

Absolute Advantage

The ability of an individual, firm, or country to produce more of a good or service than competitors using the same amount of resources.

Shoemaking

is the craft or industry involved in the design, production, and repair of shoes, including both traditional techniques and modern manufacturing.

Opportunity Cost

Opportunity cost represents the value of the best alternative that is foregone when making a choice, highlighting the trade-offs involved in any decision.

Loads of Laundry

Quantity of laundry being washed and dried in a single operation or cycle.