Question 1

One of the elements of a bailment is

Accepted Answer

A)  tangible , not intangible , items.
B)  non-exclusive possession of the bailed property by the bailee.
C)  an agreement for the return or disposal of the bailed property.
D)  conversion of the bailed property by the bailee.E) A) and D)
F) B) and D)

Question 2

Digital goods, including virtual goods, are personal property with real value.

Accepted Answer

A) True 
 B)False

Question 3

After agreeing to rent a car from Drive-Around Inc., Eden is given the keys to one of the agency's cars by Fess, a Drive-Around employee. With respect to the bailed property, this is

Accepted Answer

A)  a physical delivery.
B)  a constructive delivery.
C)  an involuntary delivery.
D)  not a delivery.E) B) and C)
F) A) and C)

Question 4

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 B)
F) A) and C)

Question 5

In a bailment, strictly liable for any loss or damage to bailed goods are

Accepted Answer

A)  common carriers.
B)  warehouse companies.
C)  ordinary bailees.
D)  all of the choices.E) A) and D)
F) All of the above

Question 6

A bailment cannot arise without the bailor's voluntary delivery of the property to the bailee.

Accepted Answer

A) True 
 B)False

Question 7

In a bailment for the mutual benefit of the bailee and the bailor, the bailee need not exercise reasonable care in storing items or holding property.

Accepted Answer

A) True 
 B)False

Question 8

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 9

To become a bailment, a delivery of property from one person to another must

Accepted Answer

A)  involve personal property.
B)  include a transfer of title.
C)  follow an exchange of consideration.
D)  be subject to a written agreement.E) A) and B)
F) B) and D)

Question 10

Failure to give up possession at the time the bailment ends could result in an action for conversion or negligence.

Accepted Answer

A) True 
 B)False

Question 11

Arnold wants to give Beth a pearl necklace that he has in his safe deposit box at Capital Bank. The bank is closed for a holiday. Arnold gives Beth a key to the box and tells her to go to the bank after the holiday and take the necklace. Beth does this. The next day, Arnold dies unexpectedly. His heirs want the necklace. Can Beth keep the necklace? Explain.

Accepted Answer

Personal property includes tangible item...

Question 12

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

Accepted Answer

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

Exam 45: Personal Property and Bailments

A bailment cannot arise without the bailor's voluntary delivery of the property to the bailee.

Correct Answer
verified

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

Correct Answer
verified

In a bailment for the mutual benefit of the bailee and the bailor, the bailee need not exercise reasonable care in storing items or holding property.

Correct Answer
verified

In a bailment, strictly liable for any loss or damage to bailed goods are

Correct Answer
verified

One of the elements of a bailment is

Correct Answer
verified

Digital goods, including virtual goods, are personal property with real value.

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

Failure to give up possession at the time the bailment ends could result in an action for conversion or negligence.

Correct Answer
verified

After agreeing to rent a car from Drive-Around Inc., Eden is given the keys to one of the agency's cars by Fess, a Drive-Around employee. With respect to the bailed property, this is

Correct Answer
verified

To become a bailment, a delivery of property from one person to another must

Correct Answer
verified

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

Correct Answer
verified

Correct Answer
verified
Personal property includes tangible item...
View Answer

Exam 45: Personal Property and Bailments

A bailment cannot arise without the bailor's voluntary delivery of the property to the bailee.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

In a bailment for the mutual benefit of the bailee and the bailor, the bailee need not exercise reasonable care in storing items or holding property.

Correct AnswerverifiedShow Answer

In a bailment, strictly liable for any loss or damage to bailed goods are

Correct AnswerverifiedShow Answer

One of the elements of a bailment is

Correct AnswerverifiedShow Answer

Digital goods, including virtual goods, are personal property with real value.

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

Failure to give up possession at the time the bailment ends could result in an action for conversion or negligence.

Correct AnswerverifiedShow Answer

After agreeing to rent a car from Drive-Around Inc., Eden is given the keys to one of the agency's cars by Fess, a Drive-Around employee. With respect to the bailed property, this is

Correct AnswerverifiedShow Answer

To become a bailment, a delivery of property from one person to another must

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Correct AnswerverifiedPersonal property includes tangible item...View AnswerShow Answer

Correct Answer
verified

Correct Answer
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Correct Answer
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Correct Answer
verified

Correct Answer
verified

Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
Personal property includes tangible item...
View Answer