Exam 15: Bailment and Leasing

Which of the following would NOT be a defence for a carrier that is sued for damage caused to goods during shipping when there is no contractual limitation of liability?

A and B are neighbours.B wants to trim his hedges,but his trimmer is broken.Being close neighbours,A and B often borrow things from each other,so B borrows A's trimmer from A's garage.This is an example of

Hilda rented a hospital bed from Medical Leasing Co.for her bedridden father.In the contract she was referred to as the ________ and Medical Leasing was referred to as the ________.

What defences are available to a common carrier to avoid liability against a bailor whose goods were damaged when in the possession of the common carrier?

While A is staying in a hotel,A's room is broken into and her jewellery is stolen.The hotel provided state of the art security and the latest and most secure locks on all guest room doors.If A sues the hotel,at common law,

A finder,in the legal sense,is

Hotelkeepers and common carriers are both insurers of their customers' goods.What is the liability distinction between these two insurers?

A transaction in which the owner of property sells it and immediately leases it back from the new owner is called a leaseback-and-trade.

A and B enter into an agreement for a car whereby A will make lease payments for a certain term,after which A will have the option of buying the car by a final payment of $5000.00.In this case,the lease is best described as

Given its importance,how does the accounting profession determine whether a lease is an operating lease or a purchase capital lease?

A gratuitous bailment can only be for the benefit of the bailee,never for the benefit of the bailor.

In leases,who is most likely to carry the insurance and bear the cost of maintenance and repairs?

Zed went into a café located on the third floor of a department store.The café was in an enclosed room with no provision for storing parcels or coats.Immediately outside the café,however,was a rack with hangers and a shelf overhead.Once inside the café,one could not see the rack or shelf.Zed hung his coat on the rack and placed his hat on top of the rack.When Zed finished his meal and came out of the café,he discovered that his hat and coat were missing.Identify the issues.Should Zed be able to successfully sue the department store for his losses?

In a bailment of common carriage,where the bailor proves that the goods were given to the bailee in good condition but were returned damaged,the bailee will be held liable unless it can show that the damage was caused by

A takes his car into B's car repair shop.B does substantial repairs to A's car and presents A with an invoice for $1500.00.A says,"I'll come back later to pay you" and leaves.A couple of months go by and A has not returned to pay for the repairs.B has which of the following options?

Lila gives her watch to Josh for repair.Josh has Lila sign a work order that says that Josh's maximum liability in case the watch is lost or damaged will be $100.Josh is unable to repair the watch himself,and so takes it to Fritz,who specializes in repair of watches of this type.Unfortunately Fritz drops the watch down a heating duct,and it cannot be found.The value of the watch was $2000.Fritz has offered to pay Lila $100,but she claims he is responsible for the value of the watch.Is she correct?

There are various types of bailment,in both common law and the statutory rules vary to some extent according to the type of bailment.Which of the following is NOT regarded as a special type of bailment?

Where a licence is given,unlike with a bailment,the licensee assumes responsibility for safekeeping.

The tax advantage in leasing arrangements is most apparent

A gratuitous bailment is always for the benefit of the bailee.