Exam 47: Personal Property, real Property, and Insurance

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If an accession is made wrongfully,the improver acquires title to the improved property and does not have to pay the owner for the property.

(True/False)
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Confusion occurs if two or more persons commingle fungible goods.

(True/False)
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A bailment without a fixed term is called a ________.

(Multiple Choice)
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Which of the following is a similarity between real and personal property?

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Under the Statute of Frauds,a bailment agreement must be in writing if it is for more than one year.

(True/False)
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Personal property consists of everything that is not real property.

(True/False)
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Property that an owner has discarded with the intent to relinquish his or her rights in it is known as ________.

(Multiple Choice)
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A warehouse company has a lien on the goods in its possession for necessary expenses incurred in storing and handling the goods.

(True/False)
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Common carriers are not liable for the loss,damage,or destruction of goods caused by an act of God.

(True/False)
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