Which of the Following Statements Is True About Lost Items

Multiple Choice

Which of the following statements is true about lost items?

A) The law distinguishes things that have been lost from things that have simply been mislaid.
B) The things that have been lost belong to the person who owns the premises where the item was lost.
C) The finder of a lost item becomes the owner of the item even before reducing it to possession.
D) The ownership is lost at the end of a statutory period for the finder of a lost item.
E) The assumption of knowledge about the original owner is irrelevant in determining the ownership of the mislaid item.