Question 1

The Uniform Anatomical Gift Act permits persons sixteen (16)years of age or older to make gifts of their bodies or any parts thereof.

Accepted Answer

A) True 
 B)False  False

Question 2

Most courts consider an engagement ring to be a conditional gift.

Accepted Answer

A) True 
 B)False  True

Question 3

The intent to make a gift requires an intent to transfer title at that time.

Accepted Answer

A) True 
 B)False  True

Question 4

The legal concept of property includes rights in the property.

Accepted Answer

A) True 
 B)False

Question 5

__________ property means land and things embedded in the land.

Accepted Answer

A)  Real 
B)  Personal 
C)  Intangible 
D)  Tangible 
A)  Real 
B)  Personal 
C)  Intangible 
D)  Tangible

Question 6

Which of the following is not a classification of ordinary bailments?

Accepted Answer

A)  for the sole benefit of the bailor 
B)  for the sole benefit of the bailee 
C)  for the sole benefit of the third party beneficiary 
D)  for the mutual benefit of the bailor and the bailee 
A)  for the sole benefit of the bailor 
B)  for the sole benefit of the bailee 
C)  for the sole benefit of the third party beneficiary 
D)  for the mutual benefit of the bailor and the bailee

Question 7

If a bailment is for the sole benefit of the bailee,the bailor has no obligation to inform the bailee of known defects.

Accepted Answer

A) True 
 B)False

Question 8

When a bailor sues the bailee for damages to the bailed property,who has the burden of proving fault and that such fault was the proximate cause of the bailor's loss?

Accepted Answer

A)  the person in possession of the property 
B)  the bailor 
C)  the bailee 
D)  the jury 
A)  the person in possession of the property 
B)  the bailor 
C)  the bailee 
D)  the jury

Question 9

After fully complying with the procedures of the Uniform Gifts to Minors Act,a donor is entitled to take back the donated property at any time before the minor donee reaches the age of 18.

Accepted Answer

A) True 
 B)False

Question 10

Vacarro gave her son Mark a car on the day Mark left for college.Vacarro told Mark that she expected him to use the car for school purposes and to earn good grades.Mark flunked out of college in his second semester.Vacarro sued to regain title to the car on the ground that the gift was conditional on Mark's earning good grades and remaining in college.Will Vacarro win the case?

Accepted Answer

No.Judgment will be for Mark.The gift wa

Question 11

A bailee's __________ gives the bailee the right to maintain possession of the bailed property until reasonable storage and/or repair charges are paid.

Accepted Answer

A)  reversionary interest 
B)  Lien 
C)  remainder interest 
D)  Mortgage 
A)  reversionary interest 
B)  Lien 
C)  remainder interest 
D)  Mortgage

Question 12

Joint tenancy and tenancy in common both feature the right of survivorship.

Accepted Answer

A) True 
 B)False

Question 13

Warren brought his television in for repairs.After Warren left the store,gunmen came in to rob the proprietor.As they ran out,Warren's television was knocked over and destroyed.Warren demanded that the proprietor of the store compensate him for the fair market value of the television.The bailee:

Accepted Answer

A)  is liable,since the goods were not returned to Warren in proper condition. 
B)  is liable,since the bailee did not prevent the gunmen from damaging the television. 
C)  is not liable,since this was a mutual-benefit bailment. 
D)  is not liable,since the damage was caused by the act of a third party. 
A)  is liable,since the goods were not returned to Warren in proper condition. 
B)  is liable,since the bailee did not prevent the gunmen from damaging the television. 
C)  is not liable,since this was a mutual-benefit bailment. 
D)  is not liable,since the damage was caused by the act of a third party.

Question 14

A third person to whom a joint tenant's interest is transferred becomes a:

Accepted Answer

A)  joint tenant. 
B)  cotenant. 
C)  tenant in common. 
D)  tenant by the entirety. 
A)  joint tenant. 
B)  cotenant. 
C)  tenant in common. 
D)  tenant by the entirety.

Question 15

A person becomes a(n)__________ at the moment of taking possession of abandoned personal property.

Accepted Answer

A)  Bailor 
B)  Bailee 
C)  constructive bailee 
D)  Owner 
A)  Bailor 
B)  Bailee 
C)  constructive bailee 
D)  Owner

Question 16

Joan brought her car into Ace Service Station for a tune-up.After tuning up the car,Ace (the owner of the service station)decided to visit his mother.Ace drove Joan's car.Ace was following all safety precautions when a negligent driver without insurance struck Joan's car.Joan sued Ace for the damages to her car.The probable result is:

Accepted Answer

A)  Ace will win,since he was taking reasonable care of the bailed goods. 
B)  Ace will win,since the bailee has the right to use the bailed goods. 
C)  Joan will win,since the harm was sustained during the bailee's unauthorized use of the property. 
D)  Joan will win,since bailees are absolutely liable for bailed goods in their possession and control. 
A)  Ace will win,since he was taking reasonable care of the bailed goods. 
B)  Ace will win,since the bailee has the right to use the bailed goods. 
C)  Joan will win,since the harm was sustained during the bailee's unauthorized use of the property. 
D)  Joan will win,since bailees are absolutely liable for bailed goods in their possession and control.

Question 17

In common usage today,there is no distinction between real and personal property.

Accepted Answer

A) True 
 B)False

Question 18

A tenancy in common is a form of ownership by two or more persons.

Accepted Answer

A) True 
 B)False

Question 19

The finder of lost property is usually entitled to a judicially-determined reward for finding and caring for the property until the rightful owner reclaims it.

Accepted Answer

A) True 
 B)False

Question 20

A bailee's interest in the bailed property can be characterized as:

Accepted Answer

A)  ownership. 
B)  a fractional proprietary interest. 
C)  possession. 
D)  constructive ownership. 
A)  ownership. 
B)  a fractional proprietary interest. 
C)  possession. 
D)  constructive ownership.

Exam 21: Personal Property and Bailments

The Uniform Anatomical Gift Act permits persons sixteen (16)years of age or older to make gifts of their bodies or any parts thereof.

Most courts consider an engagement ring to be a conditional gift.

The intent to make a gift requires an intent to transfer title at that time.

The legal concept of property includes rights in the property.

__________ property means land and things embedded in the land.

Which of the following is not a classification of ordinary bailments?

If a bailment is for the sole benefit of the bailee,the bailor has no obligation to inform the bailee of known defects.

When a bailor sues the bailee for damages to the bailed property,who has the burden of proving fault and that such fault was the proximate cause of the bailor's loss?

After fully complying with the procedures of the Uniform Gifts to Minors Act,a donor is entitled to take back the donated property at any time before the minor donee reaches the age of 18.

A bailee's __________ gives the bailee the right to maintain possession of the bailed property until reasonable storage and/or repair charges are paid.

Joint tenancy and tenancy in common both feature the right of survivorship.

Warren brought his television in for repairs.After Warren left the store,gunmen came in to rob the proprietor.As they ran out,Warren's television was knocked over and destroyed.Warren demanded that the proprietor of the store compensate him for the fair market value of the television.The bailee:

A third person to whom a joint tenant's interest is transferred becomes a:

A person becomes a(n)__________ at the moment of taking possession of abandoned personal property.

In common usage today,there is no distinction between real and personal property.

A tenancy in common is a form of ownership by two or more persons.

The finder of lost property is usually entitled to a judicially-determined reward for finding and caring for the property until the rightful owner reclaims it.

A bailee's interest in the bailed property can be characterized as:

The Nature and Sources of Law

The Court System and Dispute Resolution

Business Ethics, Social Forces, and the Law

The Constitution As the Foundation of the Legal Environment

Government Regulation of Competition and Prices

Administrative Agencies

The Legal Environment of International Trade

Crimes

Torts

Intellectual Property Rights

Cyberlaw

Nature and Classes of Contracts: Contracting on the Internet

Formation of Contracts: Offer and Acceptance

Capacity and Genuine Assent

Consideration

Legality and Public Policy

Writing, Electronic Forms, and Interpretation of Contracts

Third Persons and Contracts

Discharge of Contracts

Breach of Contract and Remedies

Legal Aspects of Supply Chain Management

Nature and Form of Sales

Title and Risk of Loss

Product Liability: Warranties and Torts

Obligations and Performance

Remedies for Breach of Sales Contracts

Kinds of Instruments, parties, and Negotiability

Transfers of Negotiable Instruments and Warranties of Parties

Liability of the Parties Under Negotiable Instruments

Checks and Funds Transfers

Nature of the Debtor-Creditor Relationship

Consumer Protection

Secured Transactions in Personal Property

Bankruptcy

Insurance

Agency

Third Persons in Agency

Regulation of Employment

Equal Employment Opportunity Law

Types of Business Organizations

Partnerships

LPs, LLCs, and LLPs

Corporate Formation

Shareholder Rights in Corporations

Securities Regulation

Accountants Liability and Malpractice

Management of Corporations

Real Property

Environmental Law and Land Use Controls

Leases

Decedents Estates and Trusts

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