Business Law IC questions

[Wires]

As I have been preparing for the Business Law CLEP, I have come across numerous questions that have wrong grammar used, and other minor errors, such as different names being used throughout the problem and answers, some with questionable wrong answers.

i.e. One problem I remember had Keith and Owen.....further in the question Keith became Ken. In the answer, Owen became Omar.

I came across a question today in Scenarios part 2, that I feel is incorrect. Now, I could be incorrect, and would welcome further clarification on these differences.

Question #46:

Andrea has been looking at leather recliners but they are too expensive She goes to her favorite LazyGal shop and finds the perfect recliner but it costs $1400. As she is walking around the showroom she spies a wallet on the floor. There is no ID but tons of money - $1400 exactly. This wallet is an example of ______________ property.

I say it is LOST property since it was on the floor of a store, indicating that is was misplaced/lost unknowingly by the owner since in the middle of a store's floor is not the "normal" place a reasonable person would of placed it.

By definition by several sources:
Barron's defines LOST PROPERTY as the personal property accidentally left elsewhere...
Cheesman's Book on Pearson.com: Property is lost when the owner leaves the property somewhere because of negligence, carelessness, or inadvertence.

Here is the answer IC gave:
Mislaid. This appears to be mislaid property. Most likely someone just dropped the wallet accidentally. In this case, Andrea has no right to keep the money. It is likely that the owner will come back to the store to retrieve the money when he or she realizes that it is missing. The owner of the store is entitled to take possession of the property against all but the rightful owner.

Barron's definition of MISLAID PROPERTY: personal property intentionally put somewhere, but then forgotten.

Cheesman: Property is MISLAID when an owner places property somewhere and then inadvertently forgets it.


Does anyone know if the actual CLEP test have questions like this...those that could be interpreted differently therefore leading to different answers?

[MISin08]

Blech! Not the version I took. I mean, every CLEP has a few really detailed questions on it, but you can't even begin to cover every possible one of those.

Phillip

[Wires]

I feel fairly comfortable with the material. I found IC a great tool to use in conjunction with other study materials. It is aggravating having an answer come back that you are fairly confident they have incorrect.

I have found throughout my quest of obtaining my degree, that the biggest challenge to all the quizzes, midterms, finals, and now the CLEP preps are all about unraveling what the testors are attempting to ask. I find the wording in a lot of questions to be absurd.
Not to mention the wrong answers that I have found and brought to the attention of my mentors. I was told it would basically take an act of Congress to get the textbook website to correct wrong answers. I find it ridiculous for these sites contain errors like this.

[dshlvrsn]

This appears to be mislaid property. Most likely someone just dropped the wallet accidentally. In this case, Andrea has no right to keep the money. It is likely that the owner will come back to the store to retrieve the money when he or she realizes that it is missing. The owner of the store is entitled to take possession of the property against all but the rightful owner.


... I bet the guy that found the iPhone prototype is wishing he had read that definition...

[Wires]

If they dropped it...then it is not mislaid.....I don't see dropping as an intentional act of placing it somewhere. I see dropping as a negligent act on not being more careful....leading it to be lost.
----------------------------------
Barron's definition of MISLAID PROPERTY: personal property intentionally put somewhere, but then forgotten.

Cheesman: Property is MISLAID when an owner places property somewhere and then inadvertently forgets it.
-----------------------------------
Barron's defines LOST PROPERTY as the personal property accidentally left elsewhere...
Cheesman's Book on Pearson.com: Property is LOST when the owner leaves the property somewhere because of negligence, carelessness, or inadvertence.


Thanks for the reply.