Explain the difference between lost, mislaid, and abandoned property and who has rights to it.

If property is lost (unintentionally left), a finder is entitled to title against everyone except the true owner unless the lost property is in the ground. In this case, the owner of the land has a claim superior to that of the finder.
If property has been mislaid (intentionally placed somewhere but then unintentionally left there), then the owner of the premises, not the finder, has first claim if the true owner is not found.
If the property has been abandoned or intentionally disposed of, the finder is entitled to the property.