Who is finder of lost goods? Explain his rights and duties.

The finder of the lost goods is a person who finds the goods of another person presumably not knowing the true owner at that time. Now the question is what is lost and how it is lost? The answer is the goods are lost when the owner has involuntarily parted with the possession of the goods and that he is ignorant of its location. However owner intentionally places the goods somewhere so that it can be found again in due course, but the owner subsequently forgets where it was placed, it can be said the goods are lost. A person who finds the lost goods does not acquire absolute ownership of the goods. Similarly, the goods when is in someone’s possession, he cannot be considered as finder of the goods. The individual who acquires possession of lost goods is the best owner and has superior rights on the goods over anyone except the true owner. In this circumstance, the finder is only the apparent owner. The finder’s title on the goods may be forfeited upon discovery of the true owner, whose title in it is unaffected by the fact that the goods has been lost. A finder’s title is contingent upon the possible discovery of the true owner. Therefore, the finder cannot transfer title to another person.

RIGHTS OF FINDER OF GOODS

 MAY SUE FOR SPECIFIC REWARD OFFERED :

The finder of goods has no right to sue the owner for compensation for trouble and expense voluntarily incurred by him to preserve the goods and to find out the owner, but he may retain the goods against the owner until he receives such compensation, and where the owner has offered a specific reward for the return of goods lost, the finder may sue for such reward, and may retain the goods until he receives it.

RIGHT OF LIEN

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