Question 1

If a bailee misdelivers the bailed property at the termination of the bailment,_____.

Accepted Answer

A)  the bailee is liable to the bailor 
B)  the bailor assumed the risk and is liable 
C)  the property should not be returned to the bailor 
D)  the bailee does not have the burden of showing that the accident occurred despite exercising due care 
A)  the bailee is liable to the bailor 
B)  the bailor assumed the risk and is liable 
C)  the property should not be returned to the bailor 
D)  the bailee does not have the burden of showing that the accident occurred despite exercising due care A

Question 2

George rented a car from RentaCar Corp.When he returned the car to RentaCar Corp.,he forgot to retrieve his wallet from the glove compartment.In this scenario,George's wallet is _____.

Accepted Answer

A)  lost 
B)  mislaid 
C)  abandoned 
D)  unowned 
A)  lost 
B)  mislaid 
C)  abandoned 
D)  unowned B

Question 3

Real property can be turned into personal property if it is detached from the earth.

Accepted Answer

A) True 
 B)False  True

Question 4

Tiana wanted to vacation in Los Carneros and asked Cameron,her neighbor,to look after Amber,her Labrador Retriever.Cameron did not ask for a payment to take care of Amber.Before leaving,Tiana instructed Cameron on how to care for Amber,but Cameron failed to follow these instructions or take care to restrain Amber.While Tiana was in Los Carneros,Amber ran onto the street and got hit by a car.Which of the following statements is true of this situation?

Accepted Answer

A)  A bailment does not exist because Cameron was not paid to look after Amber. 
B)  A bailment was created, but Cameron had no obligation to care for Amber, since both Tiana and Cameron benefitted from the bailment. 
C)  A bailment for the sole benefit of Tiana was created, which implies that Cameron is responsible for gross negligence. 
D)  A bailment for the sole benefit of Cameron was created, which holds Tiana responsible. 
A)  A bailment does not exist because Cameron was not paid to look after Amber. 
B)  A bailment was created, but Cameron had no obligation to care for Amber, since both Tiana and Cameron benefitted from the bailment. 
C)  A bailment for the sole benefit of Tiana was created, which implies that Cameron is responsible for gross negligence. 
D)  A bailment for the sole benefit of Cameron was created, which holds Tiana responsible.

Question 5

A person who finds lost property acquires better rights to that property than anyone other than the true owner.

Accepted Answer

A) True 
 B)False

Question 6

Any attempt by a bailee to be relieved of liability for intentional wrongful acts is in line with public policy and will be enforced.

Accepted Answer

A) True 
 B)False

Question 7

If Trinity hires Caleb to paint her portrait,Trinity is the owner of the painting.

Accepted Answer

A) True 
 B)False

Question 8

When the finder of a lost property knows who the owner is and refuses to return it to him or her,_____.

Accepted Answer

A)  the finder is liable to revest the title of the property back to the owner 
B)  the finder will not be found guilty of conversion 
C)  the finder will be found guilty of accession 
D)  the finder is liable to pay the owner the fair value of the property 
A)  the finder is liable to revest the title of the property back to the owner 
B)  the finder will not be found guilty of conversion 
C)  the finder will be found guilty of accession 
D)  the finder is liable to pay the owner the fair value of the property

Question 9

Common carriers are:

Accepted Answer

A)  not responsible for any loss or damage to goods entrusted to them. 
B)  usually allowed to limit their liability to a stated value. 
C)  persons who carry goods only for persons selected by the carrier. 
D)  held to a lower level of responsibility than private carriers. 
A)  not responsible for any loss or damage to goods entrusted to them. 
B)  usually allowed to limit their liability to a stated value. 
C)  persons who carry goods only for persons selected by the carrier. 
D)  held to a lower level of responsibility than private carriers.

Question 10

When Martha of Martha's Homemade Pies Corp.,gives a freshly baked apple-cinnamon double-crust pie to her sales clerk to put in the window case for display,the clerk:

Accepted Answer

A)  has possession of the pie. 
B)  has custody of the pie. 
C)  is a bailee to Martha. 
D)  is the owner of the pie. 
A)  has possession of the pie. 
B)  has custody of the pie. 
C)  is a bailee to Martha. 
D)  is the owner of the pie.

Question 11

Jared,a regular customer at Pablo's Bookstore,placed his backpack near one of the bookshelves where he was browsing.Jared forgot to take his backpack when leaving the store.If Farah,another customer at Pablo's,found Jared's backpack in the store,_____.

Accepted Answer

A)  Farah would have the right to hold the backpack for Jared 
B)  the bookstore would have the right to hold the backpack for Jared 
C)  Farah would acquire possession and ownership of the backpack 
D)  the bookstore would acquire possession and ownership of the backpack 
A)  Farah would have the right to hold the backpack for Jared 
B)  the bookstore would have the right to hold the backpack for Jared 
C)  Farah would acquire possession and ownership of the backpack 
D)  the bookstore would acquire possession and ownership of the backpack

Question 12

Legal rights that have economic value but are not connected with an object can also be considered as property.

Accepted Answer

A) True 
 B)False

Question 13

Fredrick is about to undergo a major surgery to remove a brain tumor.Fredrick gives his watch to his nephew,Harry,and tells Harry he wants him to have it if he does not survive the operation.Fredrick's gift to Harry is a:

Accepted Answer

A)  gift inter vivos. 
B)  general gift. 
C)  residuary gift. 
D)  gift causa mortis. 
A)  gift inter vivos. 
B)  general gift. 
C)  residuary gift. 
D)  gift causa mortis.

Question 14

Adella works for a large software company as a security analyst.In her free time away from work,she likes to develop computer games.Which of the following statements is true in this case?

Accepted Answer

A)  The software company owns the games that Adella develops. 
B)  Adella owns the games that she develops. 
C)  Adella and the software company jointly own the games that she develops. 
D)  The person who uses the game first owns the games that Adella develops. 
A)  The software company owns the games that Adella develops. 
B)  Adella owns the games that she develops. 
C)  Adella and the software company jointly own the games that she develops. 
D)  The person who uses the game first owns the games that Adella develops.

Question 15

Isis used a municipal parking lot to park her car in an American city.She used an electronic lock to lock her car and kept the keys in her wallet.On returning,she noticed the word "angels" scratched on her car door.Isis spent $200 in repairing the damage.Isis's boyfriend suggested that she sue the city because it was the city's responsibility to prevent vandalism.In this situation,_____.

Accepted Answer

A)  a bailment was not created and, therefore, it was not the city's duty to protect Isis's automobile 
B)  a bailment was created solely for Isis's benefit and, therefore, the city only owed minimal care in protecting Isis's car 
C)  a bailment was created solely for the benefit of the city and, therefore, the city should have exercised ordinary care in preventing vandalism of Isis's car 
D)  a bailment was created for the mutual benefit of Isis and the city and, therefore, both parties were responsible for protecting the car from vandalism 
A)  a bailment was not created and, therefore, it was not the city's duty to protect Isis's automobile 
B)  a bailment was created solely for Isis's benefit and, therefore, the city only owed minimal care in protecting Isis's car 
C)  a bailment was created solely for the benefit of the city and, therefore, the city should have exercised ordinary care in preventing vandalism of Isis's car 
D)  a bailment was created for the mutual benefit of Isis and the city and, therefore, both parties were responsible for protecting the car from vandalism

Question 16

A common carrier is liable for loss of or damage to property if:

Accepted Answer

A)  the damage was caused by the nature of the goods themselves. 
B)  the damage was caused by an act or order of the government. 
C)  the goods were damaged because of the shipper's negligence. 
D)  the goods entrusted to it are stolen by some unknown person. 
A)  the damage was caused by the nature of the goods themselves. 
B)  the damage was caused by an act or order of the government. 
C)  the goods were damaged because of the shipper's negligence. 
D)  the goods entrusted to it are stolen by some unknown person.

Question 17

Define a bailment and discuss its essential terms.

Accepted Answer

A bailment is the delivery of personal p

Question 18

Joshua and Alyssa dated for two years before deciding to get married.Joshua gave Alyssa a $20,000 diamond ring on the occasion of their engagement.Two months later,Joshua called off the engagement without giving Alyssa a valid reason.Under the traditional rule that uses a fault-based approach,_____.

Accepted Answer

A)  Joshua cannot recover the ring 
B)  Alyssa must return the ring 
C)  the ring must be sold and the proceeds divided between Joshua and Alyssa 
D)  Alyssa may retain the ring only if she pays its fair value to Joshua 
A)  Joshua cannot recover the ring 
B)  Alyssa must return the ring 
C)  the ring must be sold and the proceeds divided between Joshua and Alyssa 
D)  Alyssa may retain the ring only if she pays its fair value to Joshua

Question 19

If a person permits a neighbor to borrow a wheelbarrow free of charge,a bailment for the benefit of the bailee has been created.

Accepted Answer

A) True 
 B)False

Question 20

When Banks,a dealer in antique furniture,stores goods in a commercial warehouse,it is a:

Accepted Answer

A)  bailment for the sole benefit of Banks. 
B)  bailment for the sole benefit of the commercial warehouse. 
C)  bailment for the mutual benefit of Banks and the commercial warehouse. 
D)  bailment for mutual benefit of the government and the commercial warehouse. 
A)  bailment for the sole benefit of Banks. 
B)  bailment for the sole benefit of the commercial warehouse. 
C)  bailment for the mutual benefit of Banks and the commercial warehouse. 
D)  bailment for mutual benefit of the government and the commercial warehouse.

Exam 33: Personal Property and Bailments

If a bailee misdelivers the bailed property at the termination of the bailment,_____.

George rented a car from RentaCar Corp.When he returned the car to RentaCar Corp.,he forgot to retrieve his wallet from the glove compartment.In this scenario,George's wallet is _____.

Real property can be turned into personal property if it is detached from the earth.

A person who finds lost property acquires better rights to that property than anyone other than the true owner.

Any attempt by a bailee to be relieved of liability for intentional wrongful acts is in line with public policy and will be enforced.

If Trinity hires Caleb to paint her portrait,Trinity is the owner of the painting.

When the finder of a lost property knows who the owner is and refuses to return it to him or her,_____.

Common carriers are:

When Martha of Martha's Homemade Pies Corp.,gives a freshly baked apple-cinnamon double-crust pie to her sales clerk to put in the window case for display,the clerk:

Jared,a regular customer at Pablo's Bookstore,placed his backpack near one of the bookshelves where he was browsing.Jared forgot to take his backpack when leaving the store.If Farah,another customer at Pablo's,found Jared's backpack in the store,_____.

Legal rights that have economic value but are not connected with an object can also be considered as property.

Fredrick is about to undergo a major surgery to remove a brain tumor.Fredrick gives his watch to his nephew,Harry,and tells Harry he wants him to have it if he does not survive the operation.Fredrick's gift to Harry is a:

Adella works for a large software company as a security analyst.In her free time away from work,she likes to develop computer games.Which of the following statements is true in this case?

A common carrier is liable for loss of or damage to property if:

Define a bailment and discuss its essential terms.

If a person permits a neighbor to borrow a wheelbarrow free of charge,a bailment for the benefit of the bailee has been created.

When Banks,a dealer in antique furniture,stores goods in a commercial warehouse,it is a:

Law, Legal Reasoning, and the Legal Profession

Dispute Settlement

Business Ethics and Corporate Social Responsibility

Business and the Constitution

Crimes

Intentional Torts

Negligence and Strict Liability

Licensing and Intellectual Propertypart Two Contracts

The Nature and Origins of Contracts

Creating a Contract: Offers

Creating a Contract: Acceptances

Consideration

Capacity to Contract

Voluntary Consent

Illegality

The Form and Meaning of Contracts

Third Parties Contract Rights

Performance and Remediespart Three Sales

Formation and Terms of Sales Contracts

Warranties and Product Liability

Performance of Sales Contracts

Remedies for Breach of Sales Contractspart Four Agency and Employment

The Agency Relationship-Creation, duties, and Termination

Liability of Principals and Agents to Third Parties

Employment Laws-Part Five Business Organizations

Which Form of Business Organization

Partnerships

Formation and Termination of Corporations

Management of the Corporate Business

Financing the Corporation and the Role of the Shareholders

Securities Regulation

Legal Liability of Accountantspart Six Property

Real Property

Landlord and Tenant

Estates and Trusts

Insurance-Part Seven Commercial Paper

Negotiable Instruments

Negotiation and Holder in Due Course

Liability of Parties

Checks and Electronic Fund Transfers-Part Eight Credit Transactions

Introduction to Security

Security Interests in Personal Property

Bankruptcy-Part Nine Government Regulation

The Antitrust Laws

Consumer Protection Laws

Environmental Regulation

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