Lost, Misplaced, and Stolen Property - Business Law

1. The differences among lost, misplaced, and abandoned property are as follows: Lost - Owner of property negligently, carelessly, or inadvertently leaves property somewhere Misplaced - Owner of property intentionally put the property in a place but unintentionally left it there. Abandoned - Owner of property leaves it somewhere with no intention of retrieval or gives up trying to locate it, or Owner disposes of property with the intent of relinquishing their ownership of it. 2. I …

…surplus, and using them maliciously. I would also like to add, that if the government does not want certain weapons in other people's hands, for their protection, they should either put them in a military museum, or they should destroy them. If they are a threat to our country, then dispose of them. Point blank, don't sell them. Resources Cited: http://www.govliquidation.com/terms.html http://www.lawrev.state.nj.us/rpts/lost.pdf