Variation on wrong ball played

Sid Rixon IV

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Jul 22, 2013
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4 ball today - par 3 hole.
Partner hits green, I hit left into muddy grass.
Opponent 1 hits green, opponent 2 misses green
I search left, opponent is searching on the right.

Opponent and I accept we've lost ball so the two on the green hole out - we declare hole finished.

As I walk away I spot my ball, a bit muddy and pick it up.
To cut a long story short I'd actually found opponent's ball - he'd been looking in wrong place.

Next tee I play the ball.[FONT=Verdana, Arial, Tahoma, Calibri, Geneva, sans-serif]
We realised the error on the fairway when identifying our balls.[/FONT]

As the match was over a few holes back we finished the hole with the balls we played off the tee.
When opponent 1 hears he remarks that I forfeit the hole.
I claim I've simply played a lost ball that I found.
No argument, just a debate.
So, am I correct?
 
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