Question
A D Lock owned Lock Hospitality Inc which in turn owned the Best Western Motel in Conway Arkansas. Joe Terry and David Stocks were preparing
A D Lock owned Lock Hospitality Inc which in turn owned the Best Western Motel in Conway Arkansas. Joe Terry and David Stocks were preparing the motel for renovation. As they were removing the ceiling tiles in room 118 with Lock present in the room a dusty cardboard box was noticed near the heating and air supply vent where it had apparently been concealed. Terry climbed a ladder to reach the box, opened it, and handed it to Stocks. The box was filled with more than $38000 in old currency. Lock took possession of the box and its contents. Terry and Stocks filed a suit in an Arkansas state court against Lock and his corporation to obtain the money. How should the money be characterized? To whom should the court award the money? (Terry v Lock 37 S W 3d 202 (Ark 2001)
Question has to in IRAC format
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