Function Exist( 
        Long MsTimeOut [Optional],
        Boolean Report [Optional]
)

VBScript

If Application("Demo").View("DemoView").Object("DemoObject").Exist Then
    ' Success, move on. Search for other object, but disable report generation and set time out
    Application("Demo").View("DemoView").Object("DemoObject2").Exist 10000, false
    ' If object will not found test execution will be continued
Else
    ' Generate error report
    Application("Demo").CustomReport false, "Cannot find the DemoObject", "Test failed"
End If

JavaScript

if (Application("Demo").View("DemoView").Object("DemoObject").Exist()) {
    // Success, move on. Search for other object, but disable report generation and set time out
    Application("Demo").View("DemoView").Object("DemoObject2").Exist(10000, false);
    // If object will not found test execution will be continued
} else {
    // Generate error report
    Application("Demo").CustomReport(false, "Cannot find the DemoObject", "Test failed");
}