Exam 49: Personal Property and Bailments

A trade fixture is personal property that is installed for a commercial purpose by a tenant.

Beta Company arranges to have Carrier Corporation,a common carrier,transport fifty HDTVs from New York to California.Dan is Carrier's driver.Carrier will not be liable to Beta for failing to deliver the TVs on time if

A bailment of real property is possible.

Jill loans her laptop to Kyle.This is a bailment for

Quint rents a riding mower from Rent-All,Inc.Quint leaves the mower in a remote location overnight.When he returns to retrieve it,it is gone.Liability for the loss most likely rests with

Real property cannot be turned into personal property by detaching it from the land.

In a commercial bailment,the bailee must exercise ordinary care.

Kade and Lila each press certain quantities of olive oil to sell to Mediterranean Products,Inc.,and agree to share storage costs until Mediterranean can take delivery.The oil is commingled so that Kade's cannot be distinguished from Lila's.This is

All transactions involving the delivery of property from one person to another create a bailment.

Delivery of intangible personal property must always be accomplished by actual delivery.

Bob rents a golf cart at Country Club Golf Course.The brakes are worn,and while Bob is driving the cart,they fail.The cart crashes into a tree,and Bob is injured.Country Club could have discovered,with rea?sonable diligence,that the brakes were worn.Liability for Bob's injuries most likely rests with

Fanny buys clay to throw pottery,which is glazed and fired in a kiln.The finished products are sold to Gifte Shoppe,which sells these items and others to customers who often present them as gifts.The most common way to acquire personal property is to

During a storm on Blue Lake,a boat sinks,but its owner Cappy survives.Cappy plans to return to the site of wreck to salvage its equipment and his possessions,but he delays.Meanwhile,Dick,an amateur diver,discovers the wreck and strips it clean of useful items.Cappy learns of the recovery and files a suit against Dick,claiming that the items are his.Dick responds that the sunken boat was abandoned and therefore he has good title to whatever he took possession of.What is the court likely to rule,and why?

The delivery of goods to a common carrier creates a relationship between the shipper and the carrier.

Inadvertently,Morris leaves his backpack at NuWay Launderers when he stops to pick up his clothes.The backpack is

Generally,individuals are not required to pay annual taxes on personal property that is used for business.

Property voluntarily placed by its owner and inadver?tently forgotten is abandoned property.

Sid borrows Tony's paint sprayer to paint his house.Uma allows Vic to store his posthole digger in her shed.The party with a right to use the bailed property is

Helen owns heavy construction equipment and the tools to service it,as well as office furniture,including computers.Ilya owns a number of pat?ents,trademarks that identify the products made under those patents,and stock in the company that sells those products.Personal property in?cludes the items owned by

A hotel owner is always strictly liable for the safety of a guest's automobile.