Question 1

A consignee is a person to whom a common carrier makes a delivery.

Accepted Answer

A) True 
 B)False  True

Question 2

The owner of the premises where the property is mislaid is entitled to take possession of the property against all except the rightful owner.

Accepted Answer

A) True 
 B)False  True

Question 3

What does the Uniform Transfers to Minors Act establish?

Accepted Answer

A) rights for what a minor is allowed in case of inheritances without involving custodians 
B) rights for what a minor can accept from an adult 
C) procedures for adults to make gifts of money and securities to minors 
D) procedures for making gifts of money and securities between minors 
A) rights for what a minor is allowed in case of inheritances without involving custodians 
B) rights for what a minor can accept from an adult 
C) procedures for adults to make gifts of money and securities to minors 
D) procedures for making gifts of money and securities between minors C

Question 4

The Rosberg family had asked their neighbors, the Lowells, to feed their cat while they were away on a vacation.The Lowells fed the cat as they had been asked to but eventually, the cat ran away and never returned.What kind of bailment agreement existed between the Rosbergs and the Lowells?

Accepted Answer

A) bailment for the sole benefit of the bailee 
B) bailment for the sole benefit of the bailor 
C) mutual benefit bailment 
D) bailment at will 
A) bailment for the sole benefit of the bailee 
B) bailment for the sole benefit of the bailor 
C) mutual benefit bailment 
D) bailment at will

Question 5

For a tangible gift to be considered effective, the donor must make the delivery in person.

Accepted Answer

A) True 
 B)False

Question 6

Personal property includes land and property that is permanently attached to it.

Accepted Answer

A) True 
 B)False

Question 7

Which of the following is a similarity between real and personal property?

Accepted Answer

A) both properties can include intangible properties 
B) both properties are movable properties 
C) both properties can be owned concurrently by two or more persons 
D) both properties can be removed by a seller prior to a sale of the property 
A) both properties can include intangible properties 
B) both properties are movable properties 
C) both properties can be owned concurrently by two or more persons 
D) both properties can be removed by a seller prior to a sale of the property

Question 8

Under the innkeepers' statutes, innkeepers owe a duty of strict liability regarding loss caused to the personal property of transient guests.

Accepted Answer

A) True 
 B)False

Question 9

When John Lacey's car was stolen, he lodged a complaint with the police.After a while, the police were able to trace the car to a professional auto thief and return it to John.When John got his car back, he realized that the thief had installed a new engine, changed the upholstery, and put in a new stereo player in his car.
-Which of the following is true with regard to the new engine, upholstery, and stereo player the thief installed in John's car?

Accepted Answer

A) These improvements have to be returned to the thief. 
B) These improvements now rightfully belong to John. 
C) The improvements have to be paid for by John if he wants to retain them. 
D) The improvements will be confiscated by the police. 
A) These improvements have to be returned to the thief. 
B) These improvements now rightfully belong to John. 
C) The improvements have to be paid for by John if he wants to retain them. 
D) The improvements will be confiscated by the police.

Question 10

For a gift to be considered effective, the donor must be found to have a donative intent.

Accepted Answer

A) True 
 B)False

Question 11

Real property cannot be owned by more than one person.

Accepted Answer

A) True 
 B)False

Question 12

Property that an owner voluntarily places somewhere and then inadvertently forgets is known as ________ property.

Accepted Answer

A) real 
B) abandoned 
C) mislaid 
D) lost 
A) real 
B) abandoned 
C) mislaid 
D) lost

Question 13

Which of the following is true about fixtures?

Accepted Answer

A) They are categorized as real property. 
B) They are easily portable. 
C) They are typically removed prior to a sale. 
D) They can only have one owner at a time. 
A) They are categorized as real property. 
B) They are easily portable. 
C) They are typically removed prior to a sale. 
D) They can only have one owner at a time.

Question 14

A bailment without a fixed term is called a ________.

Accepted Answer

A) bailment for the sole benefit of the bailee 
B) bailment for the sole benefit of the bailor 
C) bailment for a for mutual benefit 
D) bailment at will 
A) bailment for the sole benefit of the bailee 
B) bailment for the sole benefit of the bailor 
C) bailment for a for mutual benefit 
D) bailment at will

Question 15

What is a warehouse receipt?

Accepted Answer

A) A receipt received by a warehouse after the bailor has retrieved the bailed goods and payment has been made. 
B) A document of title issued by a warehouse company stating that the bailor has title to the bailed goods. 
C) A certificate of authenticity issued by a warehouse stating that it is certified to hold bailed goods. 
D) An inventory list provided to the warehouse company by the bailor of the bailed goods. 
A) A receipt received by a warehouse after the bailor has retrieved the bailed goods and payment has been made. 
B) A document of title issued by a warehouse company stating that the bailor has title to the bailed goods. 
C) A certificate of authenticity issued by a warehouse stating that it is certified to hold bailed goods. 
D) An inventory list provided to the warehouse company by the bailor of the bailed goods.

Question 16

In a bailment for the sole benefit of the bailor, the bailee owes only a duty of great care to protect the bailed property.

Accepted Answer

A) True 
 B)False

Question 17

A bailment at will can be terminated at any time by either party.

Accepted Answer

A) True 
 B)False

Question 18

Personal property that is permanently affixed to land or buildings is called a(n)________.

Accepted Answer

A) chattel 
B) fixture 
C) attachment 
D) lien 
A) chattel 
B) fixture 
C) attachment 
D) lien

Question 19

A ________ is a gratuitous bailment that arises when the bailee is requested to care for the bailor's property as a favor.

Accepted Answer

A) bailment at will 
B) mutual benefit bailment 
C) bailment for the sole benefit of the bailee 
D) bailment for the sole benefit of the bailor 
A) bailment at will 
B) mutual benefit bailment 
C) bailment for the sole benefit of the bailee 
D) bailment for the sole benefit of the bailor

Question 20

Personal property consists of everything that is not real property.

Accepted Answer

A) True 
 B)False

Exam 47: Personal Property and Bailment

A consignee is a person to whom a common carrier makes a delivery.

The owner of the premises where the property is mislaid is entitled to take possession of the property against all except the rightful owner.

What does the Uniform Transfers to Minors Act establish?

The Rosberg family had asked their neighbors, the Lowells, to feed their cat while they were away on a vacation.The Lowells fed the cat as they had been asked to but eventually, the cat ran away and never returned.What kind of bailment agreement existed between the Rosbergs and the Lowells?

For a tangible gift to be considered effective, the donor must make the delivery in person.

Personal property includes land and property that is permanently attached to it.

Which of the following is a similarity between real and personal property?

Under the innkeepers' statutes, innkeepers owe a duty of strict liability regarding loss caused to the personal property of transient guests.

For a gift to be considered effective, the donor must be found to have a donative intent.

Real property cannot be owned by more than one person.

Property that an owner voluntarily places somewhere and then inadvertently forgets is known as ________ property.

Which of the following is true about fixtures?

A bailment without a fixed term is called a ________.

What is a warehouse receipt?

In a bailment for the sole benefit of the bailor, the bailee owes only a duty of great care to protect the bailed property.

A bailment at will can be terminated at any time by either party.

Personal property that is permanently affixed to land or buildings is called a(n)________.

A ________ is a gratuitous bailment that arises when the bailee is requested to care for the bailor's property as a favor.

Personal property consists of everything that is not real property.

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