Exam 41: Personal Property and Bailments

Donatella owns factory machinery and the tools to service it,as well as office furniture,including computers. Emilio owns patents,trademarks that identify the products made under those patents,and stock in the company that sells those products. Personal property includes items owned by

Bram finds a tablet on the counter at Caffe Café. He takes the tablet to a police station. A police officer tells Bram that if the tablet is not claimed by a certain time,Bram can obtain title to it. This is acquiring possession by

Enrico leaves his Ford sport utility vehicle at Gordo's Auto Service for an oil change. This is

Constructive delivery is always necessary for gifts of intangible personal property.

Gabrielle buys silver and jade to make jewelry. The finished products are sold to Hand Crafts,a shop that sells these items and others to customers who often present them as gifts. The most common way to acquire personal property is to

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

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

A bailment agreement must be express.

Lauren owns a 1967 Ford Mustang,which Mike customizes and details to Lauren's specifications. The car earns several awards at regional vehicle customizing competition shows. The result of Mike's efforts is

Common carriers can contract away their liability for damaged goods.

GR8 Vision,Inc.,hires Haul-Way Company to transport fifty large-screen HDTVs from GR8's warehouse in San Diego to an Ideal Electronics retail store in Phoenix. The bailee is

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

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

How property is taxed and what is required to transfer or acquire property is determined by whether the property is classified as tangible or intangible.

Inadvertently,Rocko leaves his backpack at Suki's Sushi when he stops for lunch and an hour of Facebook. The backpack is

Warehouse companies are not liable for loss or damage to property resulting from negligence.

Someone who finds abandoned property acquires title to it and that title is good against the whole world,except the original owner.

Marcy owns land in North Dakota under which deposits of oil shale are discovered. Marcy sells the rights to the shale to Oil Mining & Refining Inc. Once the oil in the rock is removed,it will be considered

Angela is in good health and sound mind when she gives Brianna a quarter horse. Brianna accepts. This is a gift

During a storm in Tornado Alley,a house is destroyed,but its owner Dorothy survives. Dorothy plans to return to the site to salvage her possessions,but she delays. Meanwhile,Elliott combs through the ruins and removes all useful items. Dorothy learns of the recovery and files a suit against Elliott,claiming that the items are hers. Elliott responds that the destroyed house was abandoned and therefore he has good title to whatever he took possession of. What is the court likely to rule,and why?