Question: A short explanation why with the answer would be appreciated. (Business LAw) Alex mislaid her ipod on the checkout counter in the bookstore at east
A short explanation why with the answer would be appreciated. (Business LAw)
Alex mislaid her ipod on the checkout counter in the bookstore at east Indiana state university where she was a student. It was later found by Axl, another customer of the bookstore. Axl told the store manager he had found an ipod in the store and asked her whether anyone reported a missing ipod there. The store manager said no and told Axl to enjoy his new ipod. Axl went home for the weekend and gave the ipod to his brother Brick for his birthday. Upon returning to campus, Axl became acquainted with Alex, who he met through his sister Sue, who happened to be Alex dorm mate. Conversation turned to Alex having mislaid her ipod and they agreed the ipod Axl found was the one Alex misplaced in the bookstore. Assuming no estray statue, what are the priority ownership interests of the parties in the ipod?
a. Highest priority to Alex; then the store manager; then Brick; then Axl
b. Highest priority to Brick; then Alex; then the store manager; then Axl
c. Highest priority to Alex; then Brick
d. Highest priority to Alex; then the store manager; then Axl; then Brick
The above gift from Axl to Brick
a. Is a completed unconditional inter vivos gift
b. Is a completed conditional inter vivos gift, but one that may be undone because of a condition
c. Is a completed inter vivos gift, but one where delivery was constructive because the ipod had been found by Axl
d. Cannot be an actual gift because the ipod had been found by Axl
Mechanic mike installed a new muffler system onto Sallys car. Mikes charge was $750. Sallys car is worth $25,000. Sally has not yet paid Mike. Who owns the muffler system?
a. Sally, by Confusion
b. Sally, by Accession by adjunction
c. Mike, by Accession
d. Mike, by adjunction
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