Exam 48: Personal Property and Bailments

Nero and Omar agree to buy natural gas to sell to Power Fuel Company and to share storage costs until Power Fuel can take delivery. The gas is commingled so that Nero's cannot be distinguished from Omar's. This is​

​Paca is declared mentally incompetent. Quelita, Paca's friend, insists that Paca transfer her assets to Quelita "for safekeeping." If Paca makes this "gift," a court might conclude that it is not effective on the ground that there was no

To be effective, a gift causa mortis must meet only two requirements: intent and acceptance.​

Barney's Burgers requires that its employees wear uniforms and protective clothing on the job. Barney's provides a locker room for the employees to leave their street clothes and personal items while working. A sign on the back of the locker room door states, "Barney's is not responsible for the loss of any property in the locker room." Chuck, a Barney's employee, changes his clothes in the locker room before starting work and leaves his wallet and watch in a pocket of his jacket hanging in his locker. When he returns after his shift, the wallet and watch are gone. Does Chuck's leaving personal items in the locker room constitute a bailment? If so, what type of bailment? If not, what legal relationship is it? Does Barney's sign exculpate the company for Chuck's loss? Why or why not?​

Belle finds a tablet on the counter at Café Latte. She takes it to a police station where she is told that if it is not claimed by a certain time, she can obtain title to it. This is acquiring possession by​

Estray statutes make it possible for finders to acquire legal title to the property they find.​

Fact Pattern 48-1​ Truck & Transfer Inc. agrees to pick up two containers for United Home Products Corporation and store their contents, to be delivered later. While Truck & Transfer unloads one container, the other disappears from the company's loading dock. -Refer to Fact Pattern 48-1. These facts give rise to​

Only tangible personal property can be bailed.​

Mallory's brother Nate gives her a leather working kit. She uses it to make a saddle. Her acquisition of the saddle is by​

Logan borrows Morris's bike to ride over mountain trails. The bike is damaged during the ride. Liable for the cost of repairing the bike is​

Oleg takes a PowerMade-brand rototiller to QuikFix Inc. for repairs. Lacking certain parts, QuikFix ships the rototiller to Repair & Parts Company. While in Repair & Parts's possession, the machine is damaged. QuikFix can recover for the damage from​

If the bailed property has been lost, a court will presume that the bailee was negligent.​

The most common way to acquire personal property is to receive it as a gift.​

Property voluntarily placed by its owner and inadvertently forgotten is mislaid property.​

The owner of the place where property was mislaid becomes the caretaker of the property.​

​Brian discovers a boat adrift, and retrieves and anchors it. The boat features a number on its side and other evidence pointing to its owner, Celia. This is

Shari owns a television, video games, and stock in the game company Time Travel, Inc. Shari's intangible property includes​

What is required to transfer or acquire property is determined by whether the property is classified as tangible or intangible.​

Faye owns the land on which Golden Spurs Ranch is situated, plus the ranch house, barn, and other structures permanently attached to the land. Faye's brother Huey owns everything else in the ranch's operation-livestock, feed, and so on. The personal property is owned by​

One morning, Richard agrees to lend his bike to Sheila, who promises to return it in the evening. This is​