Question 1

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 2

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 3

After shopping at a Cut-Price store, Dyan finds a fitness watch in her bag of purchases that she knows she did not pay for. If Dyan fails to return the watch to the store or to pay for it, she will have committed

Accepted Answer

A)  accession.
B)  confusion.
C)  conversion.
D)  production.E) None of the above
F) All of the above

Question 4

A bailee has a right to the reimbursement of costs incurred in keeping the bailed property, even in a gratuitous bailment.

Accepted Answer

A) True 
 B)False

Question 5

Sheila finds Tim's briefcase in her office after Tim leaves following their meeting. This is

Accepted Answer

A)  a physical bailment.
B)  a voluntary bailment.
C)  an involuntary bailment.
D)  not a bailment.E) None of the above
F) B) and C)

Question 6

Buto buys a bus ticket at a window in the City Bus Depot before checking his backpack and boarding a bus. In this situation, the subject to a bailment is

Accepted Answer

A)  Buto.
B)  the backpack.
C)  a seat on the bus.
D)  none of the choices.E) All of the above
F) A) and B)

Question 7

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) A) and C)
F) A) and B)

Question 8

Simply finding property and holding onto it gives the finder all legal rights in it.

Accepted Answer

A) True 
 B)False

Question 9

If confusion of property occurs as a result of the act of some third party, the owners of the goods share ownership in order of seniority.

Accepted Answer

A) True 
 B)False

Question 10

Slim owns cattle, a pick-up truck, and stock in Range Corporation, which owns and operates the Big R Ranch. Capable of being involved in a bailment is

Accepted Answer

A)  the cattle, the truck, and the stock.
B)  the Big R Ranch.
C)  Slim.
D)  all of the choices.E) A) and B)
F) A) and C)

Question 11

On Demi's authorization, Engine Work Inc. repairs her car. She refuses to pay for the job. Engine Work can

Accepted Answer

A)  keep the car and place a lien on it until Demi pays.
B)  undo the repair and keep the car.
C)  use the car for any purpose.
D)  all of the choices.E) B) and C)
F) A) and C)

Question 12

A court may use the identity of the party who receives a benefit from an ordinary bailment to determine, with respect to the bailed property, the standard of

Accepted Answer

A)  negligence to be applied to the deal.
B)  proof required to show loss or damage.
C)  care required of the bailee.
D)  quality expected by the bailee.E) A) and B)
F) A) and C)

Question 13

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

Accepted Answer

A) True 
 B)False

Question 14

A bailee has no right to limit his or her liability for loss or damage to the bailed goods because it would contravene public policy.

Accepted Answer

A) True 
 B)False

Question 15

The identify of the party who receives a benefit from an ordinary bailment dictates

Accepted Answer

A)  the rights and liabilities of both parties.
B)  the return or disposal of the bailed property at the end of the bailment.
C)  the extent of the bailment period.
D)  none of the choices.E) None of the above
F) A) and B)

Question 16

Sara owns a ring. She asks Tomas, a jeweler, to add a diamond to it. Adding the diamond will increase the value of the ring. This is

Accepted Answer

A)  accession.
B)  acquisition.
C)  conversion.
D)  validation.E) A) and B)
F) B) and C)

Question 17

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

Accepted Answer

A) True 
 B)False

Question 18

Angie voluntarily transfers her prize-winning horse Beaux to Cady without consideration. Provided all of the requirements are met, this is acquisition of property by

Accepted Answer

A)  conversion.
B)  accession.
C)  possession.
D)  gift.E) A) and D)
F) A) and C)

Question 19

Property would have little value if

Accepted Answer

A)  virtually all property were digital.
B)  the law did not define the rights of property owners.
C)  property could be delivered to another without a transfer of title.
D)  the preservation of property was the primary reason for government.E) B) and D)
F) None of the above

Question 20

Norah owns a phone, a tablet, and a patent on an app. Norah's intangible property includes

Accepted Answer

A)  the phone.
B)  the tablet.
C)  the patent.
D)  all of the choices.E) A) and B)
F) A) and C)

Exam 45: Personal Property and Bailments

Slim owns cattle, a pick-up truck, and stock in Range Corporation, which owns and operates the Big R Ranch. Capable of being involved in a bailment is

Correct AnswerverifiedShow Answer

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

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

On Demi's authorization, Engine Work Inc. repairs her car. She refuses to pay for the job. Engine Work can

Correct AnswerverifiedShow Answer

After shopping at a Cut-Price store, Dyan finds a fitness watch in her bag of purchases that she knows she did not pay for. If Dyan fails to return the watch to the store or to pay for it, she will have committed

Correct AnswerverifiedShow Answer

A court may use the identity of the party who receives a benefit from an ordinary bailment to determine, with respect to the bailed property, the standard of

Correct AnswerverifiedShow Answer

Sara owns a ring. She asks Tomas, a jeweler, to add a diamond to it. Adding the diamond will increase the value of the ring. This is

Correct AnswerverifiedShow Answer

Sheila finds Tim's briefcase in her office after Tim leaves following their meeting. This 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

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

Correct AnswerverifiedShow Answer

A bailee has a right to the reimbursement of costs incurred in keeping the bailed property, even in a gratuitous bailment.

Correct AnswerverifiedShow Answer

With respect to property, the law defines the right to

Correct AnswerverifiedShow Answer

Angie voluntarily transfers her prize-winning horse Beaux to Cady without consideration. Provided all of the requirements are met, this is acquisition of property by

Correct AnswerverifiedShow Answer

Buto buys a bus ticket at a window in the City Bus Depot before checking his backpack and boarding a bus. In this situation, the subject to a bailment is

Correct AnswerverifiedShow Answer

The identify of the party who receives a benefit from an ordinary bailment dictates

Correct AnswerverifiedShow Answer

Simply finding property and holding onto it gives the finder all legal rights in it.

Correct AnswerverifiedShow Answer

If confusion of property occurs as a result of the act of some third party, the owners of the goods share ownership in order of seniority.

Correct AnswerverifiedShow Answer

Norah owns a phone, a tablet, and a patent on an app. Norah's intangible property includes

Correct AnswerverifiedShow Answer

Property would have little value if

Correct AnswerverifiedShow Answer

A bailee has no right to limit his or her liability for loss or damage to the bailed goods because it would contravene public policy.

Correct AnswerverifiedShow Answer

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