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ACC 543 Week 5 Assignment A+
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ACC 543
Secured and unsecured transactions:
47.2
The money is mislaid property and it should be awarded to the owner of the hotel. In looking at the explanations of both mislaid and lost property, the difference between the two terms is how the item was left. Under mislaid property, it is defined as property that is voluntarily left somewhere by its owner and forgotten about. Lost property is where the property is misplaced out of carelessness or negligence. The money was found by Mr. Franks carefully wrapped in the dresser of the room. By its appearance, it can be assumed that it was placed there, not out of negligence, and forgotten by the owner. Since Mr. Kazi was the owner of the hotel, the money goes to him.
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• Employment Regulations:
• 31.1
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