Exam 22: Legal Aspects of Supply Chain Management

All bailments are created equally.

The rights of a holder of a warehouse receipt depend on whether the receipt is:

Which is not a true statement about a warehouser?

If a common carrier delivers goods to the wrong person,the carrier is liable for breach of contract and for the tort of conversion.

A negotiable warehouse receipt that provides for delivery of the goods to the order of Jill Jones may be negotiated by delivery of the document to the purchaser.

A transferee of a nonnegotiable warehouse receipt acquires only the title and rights that the transferor had actual authority to transfer.

When goods are delivered to a common carrier for immediate shipment and while they are in transit,who is normally liable for any loss or damage to the goods?

A sale by a factor can pass title to goods from the consignor to the purchaser.

A transferor makes certain implied warranties to the transferee when a bill of lading is transferred.These warranties are:

A warehouse receipt may be either negotiable or nonnegotiable.

A common carrier must:

A warehouser is an insurer of goods.

The major purpose of field warehousing is to:

A negotiable warehouse receipt states that the goods received will be delivered to the bearer or to the order of any named person.

The rights of a holder of a duly negotiated warehouse receipt are extinguished by the warehouser's surrender of goods to the depositor.

The storage of goods in a warehouse and the shipment of goods by a common carrier are examples of special bailments.

A purchaser of a nonnegotiable warehouse receipt:

As a general rule,a hotelkeeper has a lien on the property of boarders or lodgers.

A common carrier is liable for all delays in the delivery of goods.

A public warehouser has a specific lien against the goods stored for reasonable costs incurred from the storage.