Exam 45: Personal Property and Bailments

Buto buys a bus ticket at a window in the City Bus Depot before checking his backpack and boarding a bus. In this situation, the subject to a bailment is

After shopping at a Cut-Price store, Dyan finds a fitness watch in her bag of purchases that she knows she did not pay for. If Dyan fails to return the watch to the store or to pay for it, she will have committed

Angie voluntarily transfers her prize-winning horse Beaux to Cady without consideration. Provided all of the requirements are met, this is acquisition of property by

Consideration is one of the necessary elements for an effective gift.

Sara owns a ring. She asks Tomas, a jeweler, to add a diamond to it. Adding the diamond will increase the value of the ring. This is

Although a written agreement is not required for a bailment of less than a year, because the Statute of Frauds does not apply, it is a good idea to have one.

A bailee has no right to limit his or her liability for loss or damage to the bailed goods because it would contravene public policy.

Simply finding property and holding onto it gives the finder all legal rights in it.

Slim owns cattle, a pick-up truck, and stock in Range Corporation, which owns and operates the Big R Ranch. Capable of being involved in a bailment is

A court may use the identity of the party who receives a benefit from an ordinary bailment to determine, with respect to the bailed property, the standard of

Norah owns a phone, a tablet, and a patent on an app. Norah's intangible property includes

On Demi's authorization, Engine Work Inc. repairs her car. She refuses to pay for the job. Engine Work can

If confusion of property occurs as a result of the act of some third party, the owners of the goods share ownership in order of seniority.

The identify of the party who receives a benefit from an ordinary bailment dictates

With respect to property, the law defines the right to

A finder of mislaid property has no obligation to return the property to the true owner.

A bailee has a right to the reimbursement of costs incurred in keeping the bailed property, even in a gratuitous bailment.

Sheila finds Tim's briefcase in her office after Tim leaves following their meeting. This is

If the bailed property has been lost, a court will presume that the bailee was negligent, which he or she can rebut by showing an exercise of due care.

Property would have little value if