BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Such a right is available to the finder of the lost goods when the following conditions are satisfied: If the owner of the goods cannot be found; or if he refuses to pay the lawful charges of the finder, and.

Detailed explanation-2: -According to section 168, a finder of goods has the right of particular lien. Lien is a right to keep possession of property belonging to another person until a debt owed by that person is discharged. Until the finder receives the compensation, he may retain the goods found.

Detailed explanation-3: -If an object is categorized as lost property, then the finder has superior rights to everyone else in the world EXCEPT the true owner. What are the exceptions to the rule for LOST PROPERTY?

Detailed explanation-4: -Common law defines lost property as personal property that was unintentionally left by its true owner. For example, a wallet that falls out of someone’s pocket is lost. At common law, a person who found lost personal property could keep it until and unless the original owner comes forward.

Detailed explanation-5: -Abandoned property is defined as personal property left by an owner who intentionally relinquishes all rights to its control. Real property may not be abandoned; see adverse possession.