Question 1

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

Accepted Answer

A)  ​abandoned property. 
B)  bailed property. 
C)  lost property. 
D)  mislaid property. 
A)  ​abandoned property. 
B)  bailed property. 
C)  lost property. 
D)  mislaid property.

Question 2

A finder of lost property can claim title to the property against the whole world-except the true owner.

Accepted Answer

A) True 
 B)False

Question 3

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

Accepted Answer

A) True 
 B)False

Question 4

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

Accepted Answer

A)  ​a constructive bailment. 
B)  an involuntary bailment. 
C)  an express bailment. 
D)  no bailment. 
A)  ​a constructive bailment. 
B)  an involuntary bailment. 
C)  an express bailment. 
D)  no bailment.

Question 5

A finder of lost property who knows the true owner and fails to return the property is guilty of the tort of conversion.

Accepted Answer

A) True 
 B)False

Question 6

Property that is leased from a bailor must be fit for the intended purpose of the bailment.

Accepted Answer

A) True 
 B)False

Question 7

The most common way to acquire personal property is by producing it.

Accepted Answer

A) True 
 B)False

Question 8

Fact Pattern 34-1
​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 34-1. These facts give rise to​

Accepted Answer

A)  ​a presumption of negligence by Truck & Transfer. 
B)  a presumption of theft by a third party. 
C)  a presumption of theft by Truck & Transfer. 
D)  United Home's liability for the container's loss. 
A)  ​a presumption of negligence by Truck & Transfer. 
B)  a presumption of theft by a third party. 
C)  a presumption of theft by Truck & Transfer. 
D)  United Home's liability for the container's loss.

Question 9

EquipLease Company leases a thresher to Farm Harvest, Inc., a firm that contracts with farm owners to harvest their crops. The machine is seriously damaged through Farm Harvest's neglect. Most likely liable for the damage is​

Accepted Answer

A)  ​EquipLease. 
B)  Farm Harvest. 
C)  the farm owners. 
D)  no one. 
A)  ​EquipLease. 
B)  Farm Harvest. 
C)  the farm owners. 
D)  no one.

Question 10

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?​

Accepted Answer

The court is most likely to rule that th

Question 11

Yogi loans his laptop to Zoey. This is​

Accepted Answer

A)  ​a bailment. 
B)  acquiring ownership by possession. 
C)  a gift. 
D)  accession. 
A)  ​a bailment. 
B)  acquiring ownership by possession. 
C)  a gift. 
D)  accession.

Question 12

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​

Accepted Answer

A)  ​accession. 
B)  acquisition. 
C)  conversion. 
D)  a bailment. 
A)  ​accession. 
B)  acquisition. 
C)  conversion. 
D)  a bailment.

Exam 34: Personal Property and Bailments

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

A finder of lost property can claim title to the property against the whole world-except the true owner.

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

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

A finder of lost property who knows the true owner and fails to return the property is guilty of the tort of conversion.

Property that is leased from a bailor must be fit for the intended purpose of the bailment.

The most common way to acquire personal property is by producing it.

EquipLease Company leases a thresher to Farm Harvest, Inc., a firm that contracts with farm owners to harvest their crops. The machine is seriously damaged through Farm Harvest's neglect. Most likely liable for the damage is​

Yogi loans his laptop to Zoey. This is​

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​

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

One morning, Roche agrees to lend his bike to Shelley, who promises to return it in the evening. This is

EquipLease Company leases a thresher to Farm Harvest, Inc., a firm that contracts with farm owners to harvest their crops. The machine is seriously damaged through Farm Harvest's neglect. Most likely liable for the damage is

Yogi loans his laptop to Zoey. This is

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