Exam 41: Personal Property and Bailments

Ben allows Cody to store his trailer on Ben's property for $20 a month while Cody is out of town on a job for Plain States Construction,his employer. The bailor is

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

Rhett works at Scarlett's Service Station. After work,in the station's restroom,Rhett finds a diamond ring lost by Thalia. Title to the ring is possessed by

Constructive delivery confers the right to take possession of an object.

Only personal property,not real property or persons,can be the subject of a bailment.

Miranda delivers her bridesmaid's dress to Nina for alterations. Nina promises that the dress will be ready within five business days. Miranda agrees to pay the charge when she picks up the dress. This is

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

A gift is essentially a voluntary transfer of property ownership for which no consideration is given.

Confusion of fungible goods results in the owners' loss of their rights in the property.

A hotel owner may be strictly liable for any loss or damage to their guests' personal property.

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

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