Question 1

Personal property can be converted into real property by being permanently attached to it.

Accepted Answer

A) True 
 B)False

Question 2

The law defines a person's rights and interests in anything with an ascertainable value that is subject to ownership.

Accepted Answer

A) True 
 B)False

Question 3

The delivery of documents that represent the rights to property can be sufficient to transfer that property to the recipient.

Accepted Answer

A) True 
 B)False

Question 4

The legally protected rights and interests that a person has in anything of established value subject to ownership is

Accepted Answer

A)  accession.
B)  commonwealth.
C)  property.
D)  a bailee's lien.E) A) and B)
F) None of the above C

Question 5

Robin stores her grain at a facility owned and operated by Silo Inc. At the end of the storage period, Silo must

Accepted Answer

A)  return the exact same grain originally stored.
B)  return the same grain or grain of the same type, grade, and quantity.
C)  retain the grain.
D)  none of the choices.E) A) and B)
F) A) and C)

Question 6

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

Accepted Answer

A)  Cartage was negligent.
B)  Discount was negligent.
C)  the goods were stolen through no fault of Cartage.
D)  the warehouse is in a high-crime area.E) All of the above
F) C) and D)

Question 7

The concept of personal property can expand to take account new types of ownership rights and interests.

Accepted Answer

A) True 
 B)False

Question 8

A transfer of personal property without an agreement for its return or disposal is not a bailment.

Accepted Answer

A) True 
 B)False

Question 9

Estray statutes encourage the return of found property to its owner by making is possible for the finder to acquire title to it.

Accepted Answer

A) True 
 B)False

Question 10

Because a warehouse company is a professional bailee, it is expected to exercise a high degree of care to preserve and protect bailed goods.

Accepted Answer

A) True 
 B)False

Question 11

On the completion of a bailment, the bailee may dispose of the property at will.

Accepted Answer

A) True 
 B)False  False

Question 12

Establishing ownership rights is more complicated for personal property than for real property.

Accepted Answer

A) True 
 B)False

Question 13

In a bailment for the sole benefit of the bailor , the bailee need not exercise even a slight degree of care in preserving the bailed property.

Accepted Answer

A) True 
 B)False

Question 14

With respect to bailed goods, common carriers are absolutely-strictly-liable .

Accepted Answer

A) True 
 B)False

Question 15

The distinction between real and personal property is important because how property is acquired is determined by its classification.

Accepted Answer

A) True 
 B)False

Question 16

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

Accepted Answer

A) True 
 B)False

Question 17

In a bailment for the sole benefit of the bailee , the bailee will be liable for even the slightest negligence in caring for the bailed property.

Accepted Answer

A) True 
 B)False

Question 18

A promise to make a gift tomorrow or next year is a gift .

Accepted Answer

A) True 
 B)False

Question 19

While hiking on Mountain Trail, Ness's camera falls from his pocket. He fails to notice its loss for a mile, and is then unable to find it. Ole finds the camera. Pau tries to take it from Ole. The party who can assert the best title to the camera is

Accepted Answer

A)  Ness.
B)  Ole.
C)  Pau.
D)  none of the choices.E) B) and D)
F) None of the above D

Question 20

Gene leaves her Honda Fit with In-Town Motors for routine maintenance. On its return, the interior of the car is greasy and the exterior is scratched and dented. Who suffers the loss and why?

Accepted Answer

In-Town Motors is liable as an ordinary ...

Exam 45: Personal Property and Bailments

Personal property can be converted into real property by being permanently attached to it.

Correct AnswerverifiedShow Answer

The law defines a person's rights and interests in anything with an ascertainable value that is subject to ownership.

Correct AnswerverifiedShow Answer

The delivery of documents that represent the rights to property can be sufficient to transfer that property to the recipient.

Correct AnswerverifiedShow Answer

The legally protected rights and interests that a person has in anything of established value subject to ownership is

Correct AnswerverifiedC

Robin stores her grain at a facility owned and operated by Silo Inc. At the end of the storage period, Silo must

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

The concept of personal property can expand to take account new types of ownership rights and interests.

Correct AnswerverifiedShow Answer

A transfer of personal property without an agreement for its return or disposal is not a bailment.

Correct AnswerverifiedShow Answer

Estray statutes encourage the return of found property to its owner by making is possible for the finder to acquire title to it.

Correct AnswerverifiedShow Answer

Because a warehouse company is a professional bailee, it is expected to exercise a high degree of care to preserve and protect bailed goods.

Correct AnswerverifiedShow Answer

On the completion of a bailment, the bailee may dispose of the property at will.

Correct AnswerverifiedFalse

Establishing ownership rights is more complicated for personal property than for real property.

Correct AnswerverifiedShow Answer

In a bailment for the sole benefit of the bailor , the bailee need not exercise even a slight degree of care in preserving the bailed property.

Correct AnswerverifiedShow Answer

With respect to bailed goods, common carriers are absolutely-strictly-liable .

Correct AnswerverifiedShow Answer

The distinction between real and personal property is important because how property is acquired is determined by its classification.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

In a bailment for the sole benefit of the bailee , the bailee will be liable for even the slightest negligence in caring for the bailed property.

Correct AnswerverifiedShow Answer

A promise to make a gift tomorrow or next year is a gift .

Correct AnswerverifiedShow Answer

While hiking on Mountain Trail, Ness's camera falls from his pocket. He fails to notice its loss for a mile, and is then unable to find it. Ole finds the camera. Pau tries to take it from Ole. The party who can assert the best title to the camera is

Correct AnswerverifiedD

Gene leaves her Honda Fit with In-Town Motors for routine maintenance. On its return, the interior of the car is greasy and the exterior is scratched and dented. Who suffers the loss and why?

Correct AnswerverifiedIn-Town Motors is liable as an ordinary ...View AnswerShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
C

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
False

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
D

Correct Answer
verified
In-Town Motors is liable as an ordinary ...
View Answer