Question 1

A bailment agreement must be express.

Accepted Answer

A) True 
 B)False  False

Question 2

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. A

Question 3

Emily checks her luggage at Flyaway Airlines's ticket counter before boarding her flight to Houston. Subject to a bailment is​

Accepted Answer

A)  ​Emily. 
B)  ​Emily's luggage. 
C)  ​Emily's ticketed seat on the flight. 
D)  ​none of the choices. 
A)  ​Emily. 
B)  ​Emily's luggage. 
C)  ​Emily's ticketed seat on the flight. 
D)  ​none of the choices. B

Question 4

Businesses often pay taxes on the personal property they own, use, or lease.

Accepted Answer

A) True 
 B)False

Question 5

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

Accepted Answer

A) True 
 B)False

Question 6

Gina buys silver 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​

Accepted Answer

A)  ​purchase it. 
B)  ​add value to it. 
C)  ​make it. 
D)  ​receive it as a gift. 
A)  ​purchase it. 
B)  ​add value to it. 
C)  ​make it. 
D)  ​receive it as a gift.

Question 7

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

Accepted Answer

A) True 
 B)False

Question 8

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

Accepted Answer

A) True 
 B)False

Question 9

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​

Accepted Answer

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

Question 10

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

Accepted Answer

A) True 
 B)False

Question 11

Tangible personal property has physical substance.

Accepted Answer

A) True 
 B)False

Question 12

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 13

Nan asks Otto if she can store her car in his garage while she serves in the U.S. Army. He agrees. This is​

Accepted Answer

A)  ​a bailment. 
B)  ​accession. 
C)  ​a gift. 
D)  ​abandoned property. 
A)  ​a bailment. 
B)  ​accession. 
C)  ​a gift. 
D)  ​abandoned property.

Question 14

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

Accepted Answer

A)  ​acceptance by the donee. 
B)  ​constructive delivery. 
C)  ​donative intent. 
D)  ​relinquishment of control. 
A)  ​acceptance by the donee. 
B)  ​constructive delivery. 
C)  ​donative intent. 
D)  ​relinquishment of control.

Question 15

Fact Pattern 27-1
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 un-loads one container, the other disappears from the company's loading dock.
-Refer to Fact Pattern 27-1.Truck & Transfer can avoid liability​

Accepted Answer

A)  ​by proof that Truck & Transfer was not negligent. 
B)  ​by proof that Truck & Transfer's loading dock is in a high-crime area. 
C)  ​by proof that United Home was negligent in hiring TTC. 
D)  ​under any circumstances. 
A)  ​by proof that Truck & Transfer was not negligent. 
B)  ​by proof that Truck & Transfer's loading dock is in a high-crime area. 
C)  ​by proof that United Home was negligent in hiring TTC. 
D)  ​under any circumstances.

Question 16

Rob steals a damaged, broken bike that is parked, unlocked, in a bike rack. He repairs, paints, and replaces parts on the bike until it is like new. The original owner, Sue, then claims it. The bike belongs to​

Accepted Answer

A)  ​Rob and Sue as co-owners. 
B)  ​Rob because he improved it substantially. 
C)  ​the state under an estray statute. 
D)  ​Sue because Rob stole it. 
A)  ​Rob and Sue as co-owners. 
B)  ​Rob because he improved it substantially. 
C)  ​the state under an estray statute. 
D)  ​Sue because Rob stole it.

Question 17

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​

Accepted Answer

A)  ​Faye and Huey. 
B)  ​Faye only. 
C)  ​Golden Spurs Ranch. 
D)  ​Huey only. 
A)  ​Faye and Huey. 
B)  ​Faye only. 
C)  ​Golden Spurs Ranch. 
D)  ​Huey only.

Question 18

James works at Kay's Breakfast Café. After work, in the parking lot, James finds a diamond ring lost by Lani. Title to the ring is possessed by​

Accepted Answer

A)  ​James. 
B)  ​Kay's. 
C)  ​Lani. 
D)  ​the state. 
A)  ​James. 
B)  ​Kay's. 
C)  ​Lani. 
D)  ​the state.

Question 19

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

Accepted Answer

A) True 
 B)False

Question 20

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.

Exam 27: Personal Property and Bailments

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​

Emily checks her luggage at Flyaway Airlines's ticket counter before boarding her flight to Houston. Subject to a bailment is​

Businesses often pay taxes on the personal property they own, use, or lease.

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

Gina buys silver 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​

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

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

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​

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

Tangible personal property has physical substance.

Nan asks Otto if she can store her car in his garage while she serves in the U.S. Army. He agrees. 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

Rob steals a damaged, broken bike that is parked, unlocked, in a bike rack. He repairs, paints, and replaces parts on the bike until it is like new. The original owner, Sue, then claims it. The bike belongs to​

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​

James works at Kay's Breakfast Café. After work, in the parking lot, James finds a diamond ring lost by Lani. Title to the ring is possessed by​

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

Yogi loans his laptop to Zoey. This is​

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Digital Update:should Employees Have a Right of Disconnecting

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Digital Update:the Exploding World of Digital Property

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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

Emily checks her luggage at Flyaway Airlines's ticket counter before boarding her flight to Houston. Subject to a bailment is

Gina buys silver 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

Nan asks Otto if she can store her car in his garage while she serves in the U.S. Army. He agrees. This is

Rob steals a damaged, broken bike that is parked, unlocked, in a bike rack. He repairs, paints, and replaces parts on the bike until it is like new. The original owner, Sue, then claims it. The bike belongs to

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

James works at Kay's Breakfast Café. After work, in the parking lot, James finds a diamond ring lost by Lani. Title to the ring is possessed by

Yogi loans his laptop to Zoey. This is