Gilbert Finds an IPad on the Counter at Starbucks

question 51

Multiple Choice

Gilbert finds an iPad on the counter at Starbucks.He takes the iPad to the police station's lost and found desk.The officer at the desk tells Gilbert that if the iPad is not claimed in a certain amount of time,Gilbert can obtain title to it.This is an example of acquiring possession by

• A)an estray statute.
• B)a bailment.
• C)confusion.
• D)production.

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Definitions:

Mumbai Railway

The urban railway system in Mumbai, India, which is one of the busiest commuter rail systems in the world.

Transportation

The movement of goods and people from one location to another using various modes such as trucks, trains, ships, and airplanes.

Supply Chain

The entire system of producing and delivering a product or service, from the supplier of raw materials to the end customer.

Safety Inventory

Extra inventory held to guard against uncertainty in demand or supply, ensuring adequacy of stock to meet customer orders without interruption.