Question 1

Uri borrows Vera's boat to enjoy with Wendell for a weekend.Uri runs the boat aground,damaging the hull.Liable for the cost of repairing the boat is

Accepted Answer

A) Uri and Vera equally. 
B) Uri,Vera,and Webdell proportionately. 
C) Uri only. 
D) Vera only.

Question 2

A bailor does not have a duty to compensate the bailee as reimbursement for costs incurred by the bailee in keeping the bailed property.

Accepted Answer

A) True 
 B)False

Question 3

Luna leases a commercial building to operate Mom's Diner.During the term of the lease,Luna installs a new roof and a walk-in cooler,and repaves the parking lot.Most likely to meet the definition of a trade fix?ture is

Accepted Answer

A) the cooler. 
B) the parking lot. 
C) the roof. 
D) none of these choices.

Question 4

A bailee has a responsibility to take appropriate care of the bailed property.

Accepted Answer

A) True 
 B)False

Question 5

A bailment of persons is possible.

Accepted Answer

A) True 
 B)False

Question 6

Fact Pattern 49-1B
Town Transport Company (TTC)agrees to pick up two containers for Unlimited Sales,Inc. ,and store their contents,to be delivered later.While TTC un?loads one container,the other disappears from TTC's loading dock.
-Refer to Fact Pattern 49-1B.TTC can avoid liability

Accepted Answer

A) by proof that TTC was not negligent. 
B) by proof that TTC's warehouse is located in a high-crime area. 
C) by proof that Unlimited Sales was negligent in hiring TTC. 
D) under any circumstances.

Question 7

A bailment cannot be found without the elements of control and knowledge.

Accepted Answer

A) True 
 B)False

Question 8

An effective delivery requires that a donor retain control and dominion over the subject matter of a gift.

Accepted Answer

A) True 
 B)False

Question 9

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

Accepted Answer

A) True 
 B)False

Question 10

Baboo rents a golf cart at Country Club Golf Course.Durwood,the attendant,gives Baboo key number "12" and points to the cart lot behind the clubhouse.This is

Accepted Answer

A) constructive delivery. 
B) physical delivery. 
C) not a delivery until Baboo turns the key and starts the cart. 
D) no delivery.

Question 11

John steals an old,battered bicycle that is parked,unlocked,in front of a convenience store.He repairs,paints,and replac?es parts on the bike un?til it is like new.The original owner,Kim,claims the bike.The bike be?longs to

Accepted Answer

A) John and Kim as owners in common. 
B) John because he made substantial improvements to it. 
C) John because Kim claimed it only after John improved it. 
D) Kim because John stole it.

Question 12

One requirement of a valid gift is acceptance by the donee.

Accepted Answer

A) True 
 B)False

Question 13

Roy leaves his pick-up truck at Sam's Auto Service for an oil change.This is a bailment for

Accepted Answer

A) neither party's benefit. 
B) the parties' mutual benefit. 
C) the sole benefit of the bailee. 
D) the sole benefit of the bailor.

Question 14

Veritable Company stores office furniture with Warehouse Storage,Inc.(WSI),under a contract that limits the warehouse company's liability for lost or damaged property to $500.The furniture is lost through no fault of WSI.The loss is most likely suffered by

Accepted Answer

A) Veritable and WSI. 
B) Veritable only. 
C) WSI only. 
D) neither Veritable nor WSI.

Question 15

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

Accepted Answer

A) True 
 B)False

Question 16

Trade fixtures are no exception to the rule that fixtures are a part of real property.

Accepted Answer

A) True 
 B)False

Question 17

Per?sonal property is sometimes referred to as personally or chattel.

Accepted Answer

A) True 
 B)False

Question 18

If the bailed property was destroyed or stolen,through no fault of the bailee,the bailee's obligation to return the property is excused.

Accepted Answer

A) True 
 B)False

Question 19

In ordinary bailments,bailees do not have the right to limit their liability.

Accepted Answer

A) True 
 B)False

Question 20

Those who find abandoned property cannot acquire ownership rights through mere possession of it.

Accepted Answer

A) True 
 B)False

Exam 49: A: Personal Property and Bailments

Uri borrows Vera's boat to enjoy with Wendell for a weekend.Uri runs the boat aground,damaging the hull.Liable for the cost of repairing the boat is

A bailor does not have a duty to compensate the bailee as reimbursement for costs incurred by the bailee in keeping the bailed property.

Luna leases a commercial building to operate Mom's Diner.During the term of the lease,Luna installs a new roof and a walk-in cooler,and repaves the parking lot.Most likely to meet the definition of a trade fix?ture is

A bailee has a responsibility to take appropriate care of the bailed property.

A bailment of persons is possible.

Fact Pattern 49-1B Town Transport Company (TTC) agrees to pick up two containers for Unlimited Sales,Inc. ,and store their contents,to be delivered later.While TTC un?loads one container,the other disappears from TTC's loading dock. -Refer to Fact Pattern 49-1B.TTC can avoid liability

A bailment cannot be found without the elements of control and knowledge.

An effective delivery requires that a donor retain control and dominion over the subject matter of a gift.

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

Baboo rents a golf cart at Country Club Golf Course.Durwood,the attendant,gives Baboo key number "12" and points to the cart lot behind the clubhouse.This is

John steals an old,battered bicycle that is parked,unlocked,in front of a convenience store.He repairs,paints,and replac?es parts on the bike un?til it is like new.The original owner,Kim,claims the bike.The bike be?longs to

One requirement of a valid gift is acceptance by the donee.

Roy leaves his pick-up truck at Sam's Auto Service for an oil change.This is a bailment for

Veritable Company stores office furniture with Warehouse Storage,Inc.(WSI) ,under a contract that limits the warehouse company's liability for lost or damaged property to $500.The furniture is lost through no fault of WSI.The loss is most likely suffered by

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

Trade fixtures are no exception to the rule that fixtures are a part of real property.

Per?sonal property is sometimes referred to as personally or chattel.

If the bailed property was destroyed or stolen,through no fault of the bailee,the bailee's obligation to return the property is excused.

In ordinary bailments,bailees do not have the right to limit their liability.

Those who find abandoned property cannot acquire ownership rights through mere possession of it.