Will fried be able to recover the money from pierce and why

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Reference no: EM131390958

Several years ago, Pierce purchased a tract of land on which stood an old, vacant house. Recently, Pierce employed Fried, a carpenter, to repair and remodel the house.

While Fried was tearing out a partition to enlarge one of the rooms, he found a metal box hidden in the wall. After breaking open the box and discovering that it contained $2,000 in gold and silver coins and old-style bills, Fried took the box and its contents to Pierce and told her where he had found it.

When Fried handed the box and the money over to Pierce, he said, ‘‘If you do not find the owner, I claim the money.'' Pierce placed the money in an envelope and deposited it in her safe deposit box, where it presently remains. No one has ever claimed the money, but Pierce refuses to give it to Fried. Will Fried be able to recover the money from Pierce? Why?

Reference no: EM131390958

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