Supply Air Vent
BUSINESS LAW QUESTION HELP!! 200 words!?
I know i should not be doing this but i lagged off in this class the whole year. PLEASE HELP ME I AM BEGGGGIIIING
A. D. Lock owned Lock Hospitality, Inc., which in turn owned the Best Western Motel in Conway, Arkansas. Joe Terry and David Stocks were preparing the motel for renovation. As they were removing the ceiling tiles in room 118, with Mr. Lock present in the room, they noticed a dusty cardboard box near the heat¬ing and air-supply vent where it had apparently been concealed. Terry climbed a ladder to reach the box, opened it, and handed it to Stocks. The box was filled with more than $38,000 in old currency. Lock took possession of the box and its contents. Terry and Stocks filed a suit in an Arkansas state court against Lock and his corporation to obtain the money.
Questions:
1. Should the money be characterized as lost, mislaid, or abandoned property?
2. To whom should the court award it?
200 words would really be great.. 
1. ABANDONED !!!
It was found in the ceiling of the hotel room. It’s placement shows that the owners had no intention to return to get their property. Remember, it was $38,000 in OLD currency.
“Property is generally deemed to have been abandoned if it is found in a place where the true owner likely intended to leave it, but is in such a condition that it is apparent that the true owner has no intention of returning to claim the item. Abandoned property generally becomes the property of whoever should find it and take possession of it first, although some states have enacted statutes under which certain kinds of abandoned property – usually cars, wrecked ships and wrecked aircraft – become the property of the state”
2. The court should award it to the people that found it first, Joe Terry and David Stocks.
Fresh Air Supply Vent
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