Explain who is legally the owner of the ring

Assignment Help Business Economics

Reference no: EM131169475

In a remote rural area, Lee finds an old wrecked car with no license plates along the side of the road. Looking through the car, which is unlocked, he finds a valuable diamond ring. Later, the original buyer of the ring comes forward and admits that he had dumped the old car in the area, but wants the ring back. Explain who is legally the owner of the ring?

Reference no: EM131169475

Questions Cloud

How much money do they need to invest : Your employer has anticipated needing $60,000 in 2.5 years to finance the purchase of a new machine. IF they aniticipate making a single lump sum investment today into a saving account that will return12% interest compounded continuously, how much mo..

The equivalent equal bimonthly payments : An employee has been offered a 5 year contract for a position at a company. They offered 3 different payment terms and asked you to decide your preferred option. Draw the cash flow diagram for each option. If each of these options are to be paid 2 ti..

The chain of responsibility : The Chain of Responsibility The Situation Because several stages are involved when distribution chains move products from supply sources to end consumers, the process offers ample opportunity for ethical issues to arise. What are the responsibilities..

The prime interest rate : A few months from now, Jackson Corporation is planning to borrow $20 million for 8 months (240 days) at the prime interest rate. To hedge their exposure, Jackson and Wells Fargo enter into an 8-month FRA with a notional principal of $20 million. If p..

Explain who is legally the owner of the ring : In a remote rural area, Lee finds an old wrecked car with no license plates along the side of the road. Looking through the car, which is unlocked, he finds a valuable diamond ring. Later, the original buyer of the ring comes forward and admits that ..

The value of the price elasticity of demand : If you compute the price elasticity of demand using a quantity of tickets from 1 to 8 and using a quantity of tickets from 1,000 to 8,000, the value of the price elasticity of demand is

The lottery commission for lump-sum payment : In 2004, a Massachusetts woman won 5.6 million dollars in the lottery, which would have paid her an initial gross payment of $283,770 and 19 more yearly payments of $280,000. Instead she sued the lottery commission for a lump-sum payment. Louise Outi..

The supply side of the exchange rate market : Classify each of the following as more likely to be on the demand side or the supply side of the exchange rate market for Canadian dollars:

Particular economy the real money demand function : In a particular economy the real money demand function is, M^d/P = 3000 + .1Y - 10,000i. What is the real interest rate,r, that clears the asset market when Y =8000? when Y = 9000? Graph the LM Curve. Repeat part a for M = 6600. How does the LM curve..

User Account

All Pages