Exam 45: Personal Property and Bailments

arrow
  • Select Tags
search iconSearch Question
flashcardsStudy Flashcards
  • Select Tags

Leo borrows Mae's car to drive Nina to the airport. Considering the purpose of the bailment, Leo has the right to

(Multiple Choice)
4.8/5
(69)

In a bailment, in some circumstances, the dollar amount of liability for any loss or damage to bailed goods can be limited by

(Multiple Choice)
4.9/5
(74)

Mary goes hunting during elk season. While trespassing on Nate's rural land, she shoots an elk. This elk is the property of

(Multiple Choice)
4.8/5
(79)

The gift of a large portion of a person's assets can indicate fraud.

(True/False)
4.9/5
(80)

Earth Farm arranges to have Fresh Express Inc., a common carrier, transport a load of almonds. Fresh Express will be liable for any loss or damage to the almonds

(Multiple Choice)
4.9/5
(93)

Kay and Lease-Away Inc. enter into a bailment involving the delivery of a moving van to Kay for her use. Unless stated otherwise, the agreement assumes that Kay will

(Multiple Choice)
4.9/5
(71)

A finder of mislaid property obtains title to the goods.

(True/False)
4.8/5
(70)

A large sign at the entrance to Fitness Club states in bold red letters that "the club is not responsible for any loss due to theft." Most likely, with respect to limiting the club's liability, this sign is

(Multiple Choice)
4.8/5
(64)

Fiji, an independent contractor and technical writer, has a computer in her office. She has a copyright on her most recent work, Guide to Coding . Her tangible personal property includes

(Multiple Choice)
4.9/5
(78)

Many bailments do not include all of the elements of a contract.

(True/False)
4.9/5
(80)

Earlene buys a fishing license and goes fishing. She catches a trout, cleans it, cooks it, and eats it. Earlene's acquisition of the trout is by

(Multiple Choice)
4.7/5
(72)

Inadvertently, Brie loses her textbook during an afternoon in City Park. She eventually gives up any attempt to find it. The textbook will then most likely be considered

(Multiple Choice)
4.8/5
(92)

Ada owns Blueberry Farm. Ada's only daughter Cherry owns the adjacent Delicious Apple Orchard. Ada makes a gift of the farm to Evert, a short-term employee. This gift may lack the required element of

(Multiple Choice)
4.8/5
(78)

Either physical or constructive delivery can result in the bailee's exclusive possession and control over bailed property.

(True/False)
4.8/5
(75)

Before entering the dining room in Café Peru, Diego checks his coat in the lobby with a valet employed by the restaurant. In the coat's pocket is an iPhone. A bailment may exist between the restaurant and its customer for

(Multiple Choice)
4.8/5
(81)

Ordinary bailments are distinguished according to which party receives a benefit from the bailment.

(True/False)
4.8/5
(88)

In many states, hotel operators are not liable for any loss or damage to their guests' personal property, provided this limit is brought to the guests' attention .

(True/False)
4.8/5
(76)

Repair Service Inc. agrees to fix a harvester for Soybean Acres. Repair tows the harvester to its storage yard, to be returned after the work is done. Repair's obligation to deliver the equipment to Soybean is excused if the harvester is

(Multiple Choice)
4.8/5
(80)

When accession occurs with a property owner's consent, there is not likely to be a dispute about who owns the property.

(True/False)
4.9/5
(63)

Accession occurs when someone acquires title to a valuable piece of personal property by assuming a position of power.

(True/False)
4.8/5
(70)
Showing 21 - 40 of 72
close modal

Filters

  • Essay(0)
  • Multiple Choice(0)
  • Short Answer(0)
  • True False(0)
  • Matching(0)