If you found a one-of-a-kind prototype of a revolutionary new mobile phone lying on a public beach, what would you do with it? What would be the consequences of your chosen action?
Upon discovering a unique prototype of a groundbreaking mobile phone, I believe it is imperative to handle it in the same manner as any other found object. Consequently, I should promptly deliver it to the local authorities, irrespective of its nature, whether it is a case containing currency or any other valuable possessions. I may feel inclined to investigate it and see if it is linked to the "find my iPhone" feature, but I would refrain from taking any more action as it is not my property. I am aware that there will be repercussions if I were to sell it to a third party. As reported by Business Insider, Hogan, the individual who discovered the beta version of an iPhone 4 at a pub and subsequently sold it for $5,000, was sentenced to 40 hours of community service, a $125 fine, and 1 year of informal probation. The offence he committed was a misdemeanour involving the misappropriation of lost goods. Yarow, 2013.
Does the value of a parcel of land come only from the profits it generates? If not, what makes the land valuable? Does it ever have any value that is not recognized …show more content…
Supply and demand dynamics are also taken into account, and comparisons with similar land are often made. Various factors can influence the value of land, including the interest rate, property tax rate, school zone, land use, location, surrounding amenities, environmental risks, future development plans, and other relevant aspects. Recent sales records are an important consideration. While the potential profitability of the land can be considered, it is not the primary factor as it typically aligns with the market