When the Finder of a Lost Property Knows Who the Owner

question 29

Multiple Choice

When the finder of a lost property knows who the owner is and refuses to return it to him or her, _____.

• A) the finder is liable to revest the title of the property back to the owner
• B) the finder will not be found guilty of conversion
• C) the finder will be found guilty of accession
• D) the finder is liable to pay the owner the fair value of the property

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Definitions:

Donee Beneficiary

A third party who stands to benefit from a contract, especially when the contract is intended as a gift to that third party.

Assignor

An individual or entity that transfers rights or interests in a contract to another, known as the assignee.

Assignee

A person or entity to whom rights or interests are transferred by another, known as the assignor.

Delegator

A delegator is a person or entity that assigns duties or responsibilities to another, often in the context of a contractual or work-related relationship.