Question 1

While moving to a new apartment, Vance discards a sofa near the entrance to his old residence, with no intention of recovering it. The sofa is

Accepted Answer

A)   abandoned property.
B)   converted property.
C)   lost property.
D)   mislaid property.E) A) and D)
F) A) and C)

Question 2

Ordinary bailments are distinguished according to which party receives a benefit from the bailment.

Accepted Answer

A) True 
 B)False

Question 3

Before going on a business trip, Gina leaves the key to her apartment with Harry. She checks her suitcase at the airport, and boards the plane. A bailment is created when Gina

Accepted Answer

A)   delivers the key to Harry.
B)   checks her suitcase.
C)   boards the plane.
D)   all of the choices.E) B) and D)
F) B) and C)

Question 4

With respect to property, the law defines the right to

Accepted Answer

A)   sell or dispose of it, but not prevent trespass onto it.
B)   prevent trespass onto it, but not to sell or dispose of it.
C)   sell or dispose of it, and prevent trespass onto it.
D)   none of the choices.E) All of the above
F) C) and D)

Question 5

Delivery Service Inc. agrees to pick up a truckload of merchandise for Exporters Corporation and store the contents to be delivered later. Delivery's obligation to deliver the load to Exporters is excused if the contents are

Accepted Answer

A)   any of the choices.
B)   lost through no fault of Delivery.
C)   stolen through no fault of Delivery.
D)   claimed by a third party with a superior claim.E) A) and D)
F) B) and C)

Question 6

Sometimes, a person can become an owner of personal property merely by possessing it.

Accepted Answer

A) True 
 B)False

Question 7

Although a written agreement is not required for a bailment of less than a year, because the Statute of Frauds does not apply, it is a good idea to have one.

Accepted Answer

A) True 
 B)False

Question 8

A finder of mislaid property has no obligation to return the property to the true owner.

Accepted Answer

A) True 
 B)False

Question 9

Hotel operators can limit their liability for any loss or damage to their guests' personal property

Accepted Answer

A)   in many states, by providing a safe for their guests' valuables.
B)   under state statutes that limit the liability for articles not kept in a safe.
C)   in the absence of negligence.
D)   all of the choices.E) C) and D)
F) B) and D)

Question 10

If the bailed property has been lost, a court will presume that the bailee was negligent, which he or she can rebut by showing an exercise of due care.

Accepted Answer

A) True 
 B)False

Question 11

Consideration is one of the necessary elements for an effective gift.

Accepted Answer

A) True 
 B)False

Question 12

Carrier Inc. agrees to pick up two truckloads of housewares for Discount Corporation and store the contents to be delivered later. After Carrier unloads the goods at its warehouse, some of them disappear from the loading dock. A court will presume that

Accepted Answer

A)   Carrier was negligent.
B)   Discount was negligent.
C)   the goods were stolen through no fault of Carrier.
D)   the warehouse is in a high-crime area.E) B) and C)
F) None of the above

Exam 41: Personal Property and Bailments

A finder of mislaid property has no obligation to return the property to the true owner.

Correct Answer
verified

Consideration is one of the necessary elements for an effective gift.

Correct Answer
verified

Before going on a business trip, Gina leaves the key to her apartment with Harry. She checks her suitcase at the airport, and boards the plane. A bailment is created when Gina

Correct Answer
verified

With respect to property, the law defines the right to

Correct Answer
verified

Ordinary bailments are distinguished according to which party receives a benefit from the bailment.

Correct Answer
verified

While moving to a new apartment, Vance discards a sofa near the entrance to his old residence, with no intention of recovering it. The sofa is

Correct Answer
verified

Although a written agreement is not required for a bailment of less than a year, because the Statute of Frauds does not apply, it is a good idea to have one.

Correct Answer
verified

Carrier Inc. agrees to pick up two truckloads of housewares for Discount Corporation and store the contents to be delivered later. After Carrier unloads the goods at its warehouse, some of them disappear from the loading dock. A court will presume that

Correct Answer
verified

Sometimes, a person can become an owner of personal property merely by possessing it.

Correct Answer
verified

If the bailed property has been lost, a court will presume that the bailee was negligent, which he or she can rebut by showing an exercise of due care.

Correct Answer
verified

Hotel operators can limit their liability for any loss or damage to their guests' personal property

Correct Answer
verified

Delivery Service Inc. agrees to pick up a truckload of merchandise for Exporters Corporation and store the contents to be delivered later. Delivery's obligation to deliver the load to Exporters is excused if the contents are

Correct Answer
verified

Exam 41: Personal Property and Bailments

A finder of mislaid property has no obligation to return the property to the true owner.

Correct AnswerverifiedShow Answer

Consideration is one of the necessary elements for an effective gift.

Correct AnswerverifiedShow Answer

Before going on a business trip, Gina leaves the key to her apartment with Harry. She checks her suitcase at the airport, and boards the plane. A bailment is created when Gina

Correct AnswerverifiedShow Answer

With respect to property, the law defines the right to

Correct AnswerverifiedShow Answer

Ordinary bailments are distinguished according to which party receives a benefit from the bailment.

Correct AnswerverifiedShow Answer

While moving to a new apartment, Vance discards a sofa near the entrance to his old residence, with no intention of recovering it. The sofa is

Correct AnswerverifiedShow Answer

Although a written agreement is not required for a bailment of less than a year, because the Statute of Frauds does not apply, it is a good idea to have one.

Correct AnswerverifiedShow Answer

Carrier Inc. agrees to pick up two truckloads of housewares for Discount Corporation and store the contents to be delivered later. After Carrier unloads the goods at its warehouse, some of them disappear from the loading dock. A court will presume that

Correct AnswerverifiedShow Answer

Sometimes, a person can become an owner of personal property merely by possessing it.

Correct AnswerverifiedShow Answer

If the bailed property has been lost, a court will presume that the bailee was negligent, which he or she can rebut by showing an exercise of due care.

Correct AnswerverifiedShow Answer

Hotel operators can limit their liability for any loss or damage to their guests' personal property

Correct AnswerverifiedShow Answer

Delivery Service Inc. agrees to pick up a truckload of merchandise for Exporters Corporation and store the contents to be delivered later. Delivery's obligation to deliver the load to Exporters is excused if the contents are

Correct AnswerverifiedShow Answer

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verified

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