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47.2 Mislaid
47.3 Bailment
47.6 Abandoned Property
50.1 Exclusion from Insurance
50.6 Malpractice Insurance
50.7 Duty to Defend
45.2 Clean Air Act
45.5 Hazardous Waste
45.6 Nuclear Waste
45.7 Endangered Species
47.2 Mislaid Property Alex Franks was a guest staying at a Comfort Inn
in Searcy, Arkansas, while he was working on a highway project. Franks
found a bundle of money in plain view in the left part of the left drawer
in the dresser in his room. Franks notified the hotel manager, who
notified the police. The police took custody of the money and discovered
that the carefully wrapped bundle contained $14,200 in cash—46 $100
bills and 480 $20 bills. Franks sued to recover the cash. J.K. Kazi, the
owner of the hotel, joined the lawsuit, also claiming the money. Franks
argued that the money was lost property and therefore he, as the finder,
was entitled to the money. Kazi argued that the money was mislaid
property and that he, as the owner of the premises on which the money
was found, was entitled to the money. The trial court held that the
money had been mis-laid and awarded the money to Kazi, the hotel
owner. Franks appealed. Was the money mislaid or lost property? Who
receives the property? Franks v. Kazi, 88 Ark.App. 243, 197 S.W.3d 5,
Web 2004 Ark. App. Lexis 771 (Court of Appeals of Arkansas)