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This Personal Property exam, given by Professor James H. Barnett, Jr. on May 25, 1944, begins with the following question:
B, an employee of the City of Richmond, found a valuable diamond ring while repairing a sewer in the city. B lost it and three months later C found it in April 1936. C made inquiries about the owner, then giving up hope of finding him, pledged the ring to D for a loan of $50.00 in May 1939, D believing that C was the owner. In May 1940 D repledged the ring with E for $75. The ring at all times had a value of $100.00. (a) In March 1944 C consults you as to his rights and remedies, if any, against E. Advise him fully. (b) Suppose that in March 1944 B had consulted you as to his remedies and rights, if any, against E. What would you have advised him?
University of Richmond, "T. C. Williams School of Law, University of Richmond: Personal Property Exam, 25 May 1944" (1944). Archived Law School Exams. 41.