Finder of lost or mislaid property: If the owner has not intended to relinquish possession, who retains title?

Prepare for the New York Multistate Bar Exam with comprehensive study resources. Access multiple-choice questions, detailed explanations, and exam tips to boost your preparation and confidence.

Multiple Choice

Finder of lost or mislaid property: If the owner has not intended to relinquish possession, who retains title?

Explanation:
When the owner still intends to reclaim the item, the true owner retains title to lost or mislaid property. The finder only gains possessory rights and a duty to return the item to the owner; ownership does not pass to the finder. Mislaid items are typically held by the place where they were left in trust for the owner, but the title remains with the owner as well.

When the owner still intends to reclaim the item, the true owner retains title to lost or mislaid property. The finder only gains possessory rights and a duty to return the item to the owner; ownership does not pass to the finder. Mislaid items are typically held by the place where they were left in trust for the owner, but the title remains with the owner as well.

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