Reference no: EM131421544

1. Decide each of the following problems.

a. A chimney sweep found a jewel and took it to a goldsmith, whose apprentice removed the stone and refused to return it. The chimney sweep sues the goldsmith.

b. One of several boys walking along a railroad track found an old stocking. All started playing with it until it burst in the hands of its discoverer, revealing several hundred dollars. The original discoverer claims all of the money; the other boys claim it should be divided equally.

c. A traveling salesperson leaving a store notices a parcel of bank notes on the floor. He picks them up and gives them to the owner of the store to keep for the true owner. After three years, they have not been reclaimed, and the salesperson sues the storekeeper.

d. Frank is hired to clean the swimming pool at the country club. He finds a diamond ring on the bottom of the pool. The true owner cannot be found. The country club sues Frank for possession of the ring.

e. A customer found a pocketbook lying on a barber’s table. He gave it to the barber to hold for the true owner, who failed to appear. The customer sues the barber.

Answer will be following format:-

A: answer the question asked

I: Issue: identify the legal issue presented in the problem

LC: State the legal concept involved in the legal issue. Include the elements of the legal concept

D: Short discussion to support the answer with combining the elements of the legal concept with the operative facts in the problem.

(It is Business Law subject which class required for accounting students.)