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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 believe that the plane was abandoned by legal definition, putting aside of course the special rule for federa…
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