The position of finder of lost goods is that of a *BailorBaileeSuretyPrincipal Debtor
Question
The position of finder of lost goods is that of a
Bailor
Bailee
Surety
Principal Debtor
Solution
To determine the correct answer regarding the position of the finder of lost goods, we need to understand the roles represented by each term:
-
Bailor: A bailor is someone who delivers goods to another for a specific purpose, as part of a bailment agreement. The bailor remains the owner of the goods.
-
Bailee: A bailee is the person who receives the goods from the bailor and is responsible for their safekeeping. The bailee has a contractual relationship with the bailor.
-
Surety: A surety is someone who agrees to take responsibility for the obligation of another party. This term applies specifically in a guarantor relationship, often related to debts.
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Principal Debtor: The principal debtor is the individual who is primarily responsible for fulfilling an obligation or debt.
In the context of lost goods, the finder typically acts as a Bailee. When a person finds lost goods, they have a duty to care for those goods and may need to return them to the rightful owner. Thus, in legal terms, the finder can be seen as a bailee of the lost property.
Final Answer
The position of the finder of lost goods is that of a Bailee.
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