Asked by Mason Smith on Jun 19, 2024

Verified

Which of the following is a correct statement regarding lost property?

A) In most states,the finder of lost property has title to the lost good against all,including the person who lost the property.
B) In most states,the finder of lost property has title to the lost good against all except the true owner.
C) In most states,the finder of lost property has no title to the lost good since the good must be turned over to the local police department for later sale if the true owner cannot be located.
D) In all states,the finder of lost property has an obligation to put a notice in the local newspaper looking for the true owner before the finder of the property can claim ownership.
E) In most states,the finder of lost property has title to the lost good against all except the person who lost the property,but that right only arises after the finder of the property proves that he or she spent at least one-third of the fair market value of the property in an attempt to locate the true owner.