Question 1

Which of the following types of property is land and anything attached to it?

Accepted Answer

A)   Real
B)   Personal
C)   Valued
D)   Appraised
E)   SubstantiveF) B) and D)
G) All of the above

Question 2

The statute of frauds requires a writing for a bailment that will not be completed within 6 months.

Accepted Answer

A) True 
 B)False  False

Question 3

What fundamental duty or duties does the bailor have toward the bailee in a bailment for consideration?

Accepted Answer

A)   Only the duty of compensation and reimbursement.
B)   The duty of compensation and reimbursement, and the duty to warn the bailee of known defects or any that could have been discovered through reasonable investigation.
C)   Only the duty to provide the bailee with property free from hidden defects that could harm the bailee.
D)   Only the duty of compensation.
E)   The duty of compensation and reimbursement, the duty to provide the bailee with property free from hidden defects that could harm the bailee, and the duty to keep accurate records of the transaction.F) All of the above
G) A) and D)

Question 4

Lost property legally has the same status as mislaid property.

Accepted Answer

A) True 
 B)False

Question 5

Which of the following is a term for gifts made during someone's lifetime,not in contemplation of death?

Accepted Answer

A)   Inter vivos gifts
B)   Sustainable gifts
C)   In rem gifts
D)   Probable gifts
E)   Causa mortis giftsF) All of the above
G) A) and E)

Question 6

Ownership of property is referred to as "title."

Accepted Answer

A) True 
 B)False

Question 7

Which of the following is true regarding lost property?

Accepted Answer

A)   In most states the finder of lost property has title to the lost good against all including the person who lost the property.
B)   In most states the finder of lost property has title to the lost good against all except the person who lost the property.
C)   In most states the finder of lost property has no title to the lost good because the good is to be turned over to the police department for later sale if the true owner cannot be located.
D)   In all states the finder of property has an obligation to put a notice in the local paper looking for the true owner before the finder of the property can claim ownership.
E)   In most states the finder of lost property has title to the lost good against all except the person who lost the property, but that right only arises after the finder of the property can establish that the finder spent at least one-fifth of the fair market value of the property in locating the owner.F) None of the above
G) A) and D)

Question 8

Which of the following describes the type of gift,if any,at issue?

Accepted Answer

A)   A gift causa mortis
B)   A gift inter vivos
C)   A gift inter mortis
D)   A gift causa vivos
E)   There was no gift because Tina did not realize the ring's value.F) C) and D)
G) B) and E) B

Question 9

Which of the following describes the statement Frank made to Bubbles prior to surgery regarding the lottery ticket?

Accepted Answer

A)   A gift causa mortis.
B)   A gift inter vivos.
C)   A gift inter mortis.
D)   A gift causa vivos.
E)   It was meaningless because of the condition of death placed on the gift.F) B) and D)
G) None of the above

Question 10

Which of the following is true regarding the nature of bailments?

Accepted Answer

A)   Bailments may be express but not implied.
B)   Bailments may be implied but not express.
C)   Bailments may be implied or express.
D)   Bailments that are not express may be enforced as implied bailments only if a gratuitous bailment is involved.
E)   Bailments that are not express may be enforced as implied bailments only if a mutual benefit bailment is involved.F) A) and B)
G) B) and D)

Question 11

Which of the following is a set of rights and interests in relation to others with reference to a tangible or intangible object?

Accepted Answer

A)   Interests
B)   Property
C)   Transfers
D)   Business
E)   CommerceF) C) and E)
G) B) and E)

Question 12

Bank accounts,stocks,and insurance policies are examples of which of the following types of property?

Accepted Answer

A)   Tangible
B)   Intangible
C)   Substantive
D)   Unsubstantive
E)   ManifestF) A) and D)
G) A) and C)

Question 13

Which of the following is true regarding Donnie's obligation to Karen?

Accepted Answer

A)   He is liable for the theft of the bicycle arising out of his ordinary or gross negligence.
B)   He is liable for the theft of the bicycle arising out of his gross negligence.
C)   He is liable for the theft of the bailed property caused by even the slightest lack of due care on his part.
D)   He is strictly liable for the theft of the bicycle.
E)   He is not liable for the theft of the bicycle because of the doctrine of assumption of the risk.F) All of the above
G) C) and D)

Question 14

Which of the following is movable property that is not attached to land?

Accepted Answer

A)   Real
B)   Personal
C)   Valued
D)   Appraised
E)   SubstantiveF) B) and E)
G) A) and D) B

Question 15

Which of the following is true regarding gifts and the imposition of conditions?

Accepted Answer

A)   Gifts may be conditional.
B)   Gifts may not be conditional.
C)   Gifts may be conditional only if a condition precedent is involved.
D)   Gifts may be conditional only if consideration is present.
E)   Gifts may be conditional only if one of the parties is related by blood or marriage.F) D) and E)
G) None of the above

Question 16

Which of the following was the result in Omni Holding and Development Corp.v.C.A.G.Investments Inc.,the case in the text involving whether the plaintiff abandoned personal property following the court's order that it remove itself from the property?

Accepted Answer

A)  That because no affirmative statement,either orally or in writing,was made expressing the plaintiff's intent to abandon the property,it would not be considered abandoned.
B)  That because no affirmative written statement expressing the plaintiff's intent to abandon the property was made,it would not be considered abandoned.
C)  That the plaintiff had sufficient time to remove the property once the court issued its writ of possession,the property was considered abandoned.
D)  That regardless of the intent of the plaintiff,the property was considered abandoned based on the amount of money the plaintiff owed to the defendant.
E)  That regardless of the intent of the plaintiff,the property was considered abandoned based on the fraud committed by the plaintiff as to the defendant.F) B) and D)
G) B) and E)

Question 17

Which of the following was the result in Campbell v.Robinson,the case in the text in which the plaintiff claimed that the defendant wrongfully refused to return an engagement ring when the marriage was cancelled?

Accepted Answer

A)   That the defendant was entitled to keep the ring because the termination of the engagement was the plaintiff's fault.
B)   That the defendant was entitled to keep the ring because it was a completed gift when she initially received it.
C)   That a jury question was presented as to whether the plaintiff made an absolute gift of the ring to the defendant after the termination of the engagement.
D)   The under principles of equity, the plaintiff was entitled to keep the ring, but only if she paid the defendant ½ of its value and that, otherwise, it would be sold with the proceeds split between the parties.
E)   That because the termination of the engagement was the defendant's fault, she was required to return the ring.F) None of the above
G) B) and D)

Question 18

Describe how e-commerce has inspired improvements in Internet postal technology.

Accepted Answer

E-businesses can use Internet postal tec...

Question 19

When property is sold pursuant to a bailee's lien,the proceeds are first used to pay the bailee and to cover the costs of the sale,and then remaining proceeds go to the bailor.

Accepted Answer

A) True 
 B)False

Question 20

What is meant by the concept of confusion in terms of acquiring ownership,and when and how is it applied?

Accepted Answer

Acquiring ownership through confusion in...

Exam 48: The Nature of Property, Personal Property, and Bailments

Which of the following types of property is land and anything attached to it?

Correct AnswerverifiedShow Answer

The statute of frauds requires a writing for a bailment that will not be completed within 6 months.

Correct AnswerverifiedFalse

What fundamental duty or duties does the bailor have toward the bailee in a bailment for consideration?

Correct AnswerverifiedShow Answer

Lost property legally has the same status as mislaid property.

Correct AnswerverifiedShow Answer

Which of the following is a term for gifts made during someone's lifetime,not in contemplation of death?

Correct AnswerverifiedShow Answer

Ownership of property is referred to as "title."

Correct AnswerverifiedShow Answer

Which of the following is true regarding lost property?

Correct AnswerverifiedShow Answer

Which of the following describes the type of gift,if any,at issue?

Correct AnswerverifiedB

Which of the following describes the statement Frank made to Bubbles prior to surgery regarding the lottery ticket?

Correct AnswerverifiedShow Answer

Which of the following is true regarding the nature of bailments?

Correct AnswerverifiedShow Answer

Which of the following is a set of rights and interests in relation to others with reference to a tangible or intangible object?

Correct AnswerverifiedShow Answer

Bank accounts,stocks,and insurance policies are examples of which of the following types of property?

Correct AnswerverifiedShow Answer

Which of the following is true regarding Donnie's obligation to Karen?

Correct AnswerverifiedShow Answer

Which of the following is movable property that is not attached to land?

Correct AnswerverifiedB

Which of the following is true regarding gifts and the imposition of conditions?

Correct AnswerverifiedShow Answer

Which of the following was the result in Omni Holding and Development Corp.v.C.A.G.Investments Inc.,the case in the text involving whether the plaintiff abandoned personal property following the court's order that it remove itself from the property?

Correct AnswerverifiedShow Answer

Which of the following was the result in Campbell v.Robinson,the case in the text in which the plaintiff claimed that the defendant wrongfully refused to return an engagement ring when the marriage was cancelled?

Correct AnswerverifiedShow Answer

Describe how e-commerce has inspired improvements in Internet postal technology.

Correct AnswerverifiedE-businesses can use Internet postal tec...View AnswerShow Answer

When property is sold pursuant to a bailee's lien,the proceeds are first used to pay the bailee and to cover the costs of the sale,and then remaining proceeds go to the bailor.

Correct AnswerverifiedShow Answer

What is meant by the concept of confusion in terms of acquiring ownership,and when and how is it applied?

Correct AnswerverifiedAcquiring ownership through confusion in...View AnswerShow Answer

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False

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B

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B

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E-businesses can use Internet postal tec...
View Answer

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Acquiring ownership through confusion in...
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