Question 1

Real property can become personal property if it is ________.

Accepted Answer

A) removed from the land it is situated in 
B) converted to an intangible property 
C) fixed permanently to a piece of land 
D) owned by more than one person at a time 
A) removed from the land it is situated in 
B) converted to an intangible property 
C) fixed permanently to a piece of land 
D) owned by more than one person at a time

Question 2

A building attached to a piece of land would be considered a ________ property.

Accepted Answer

A) personal 
B) movable 
C) chattel 
D) real 
A) personal 
B) movable 
C) chattel 
D) real

Question 3

Under the common law, innkeepers owe a ________ regarding loss caused to the personal property of transient guests.

Accepted Answer

A) duty of negligible care 
B) duty of slight care 
C) duty of strict liability 
D) duty of ordinary care 
A) duty of negligible care 
B) duty of slight care 
C) duty of strict liability 
D) duty of ordinary care

Question 4

Accession that naturally occurs to a property belongs to the owner.

Accepted Answer

A) True 
 B)False

Question 5

In a bailment, the title to the goods passes to the bailee.

Accepted Answer

A) True 
 B)False

Question 6

Give an account of the duration and termination of bailments.

Accepted Answer

A bailment generally expires at a specif

Question 7

A warehouse company has a lien on the goods in its possession for necessary expenses incurred in storing and handling the goods.

Accepted Answer

A) True 
 B)False

Question 8

If an accession is mistakenly made by an improver and the improvement cannot be removed from the original article, the owner owns title to the improved property without any payment.

Accepted Answer

A) True 
 B)False

Question 9

A bailment for the sole benefit of the bailee is an example of an ordinary bailment.

Accepted Answer

A) True 
 B)False

Question 10

Common carriers are held to a duty of strict liability.

Accepted Answer

A) True 
 B)False

Question 11

A(n)________ is an increase in the value of personal property because it is added to or improved by natural or manufactured means.

Accepted Answer

A) arraignment 
B) accession 
C) lien 
D) bailment 
A) arraignment 
B) accession 
C) lien 
D) bailment

Question 12

A(n)________ is a document of title issued by a common carrier stating that the bailor has title to the bailed goods.

Accepted Answer

A) bill of lading 
B) accession 
C) freight forwarder 
D) delivery order 
A) bill of lading 
B) accession 
C) freight forwarder 
D) delivery order

Question 13

Property that an owner has discarded with the intent to relinquish his or her rights in it is known as ________.

Accepted Answer

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

Question 14

A finder who refuses to return the lost property to the loser is liable for the tort of conversion.

Accepted Answer

A) True 
 B)False

Question 15

A transaction in which an owner transfers his or her personal property to another to be held, stored, or delivered, or for some other purpose is known as a ________.

Accepted Answer

A) arraignment 
B) easement 
C) bailment 
D) accession 
A) arraignment 
B) easement 
C) bailment 
D) accession

Question 16

Which of the following is true of a bailment?

Accepted Answer

A) Only personal property can be used in a bailment. 
B) Intangible property cannot be used in a bailment. 
C) Only physical deliveries can become a bailment. 
D) All bailments must be expressed in writing to be effective. 
A) Only personal property can be used in a bailment. 
B) Intangible property cannot be used in a bailment. 
C) Only physical deliveries can become a bailment. 
D) All bailments must be expressed in writing to be effective.

Question 17

Tangible property such as automobiles, furniture, and equipment, and intangible property such as securities, patents, and copyrights are collectively referred to as ________.

Accepted Answer

A) real property 
B) immovable property 
C) personal property 
D) fixtures 
A) real property 
B) immovable property 
C) personal property 
D) fixtures

Question 18

The finder of a mislaid property can claim title to the property if it is found within the finder's premises.

Accepted Answer

A) True 
 B)False

Question 19

Which of the following is considered real property?

Accepted Answer

A) a plantation 
B) a car 
C) furniture 
D) a copyrighted song 
A) a plantation 
B) a car 
C) furniture 
D) a copyrighted song

Question 20

In a mutual benefit bailment, the bailee owes a duty of reasonable care to protect the bailed goods.

Accepted Answer

A) True 
 B)False

Exam 47: Personal Property and Bailment

Real property can become personal property if it is ________.

A building attached to a piece of land would be considered a ________ property.

Under the common law, innkeepers owe a ________ regarding loss caused to the personal property of transient guests.

Accession that naturally occurs to a property belongs to the owner.

In a bailment, the title to the goods passes to the bailee.

Give an account of the duration and termination of bailments.

A warehouse company has a lien on the goods in its possession for necessary expenses incurred in storing and handling the goods.

If an accession is mistakenly made by an improver and the improvement cannot be removed from the original article, the owner owns title to the improved property without any payment.

A bailment for the sole benefit of the bailee is an example of an ordinary bailment.

Common carriers are held to a duty of strict liability.

A(n)________ is an increase in the value of personal property because it is added to or improved by natural or manufactured means.

A(n)________ is a document of title issued by a common carrier stating that the bailor has title to the bailed goods.

Property that an owner has discarded with the intent to relinquish his or her rights in it is known as ________.

A finder who refuses to return the lost property to the loser is liable for the tort of conversion.

A transaction in which an owner transfers his or her personal property to another to be held, stored, or delivered, or for some other purpose is known as a ________.

Which of the following is true of a bailment?

Tangible property such as automobiles, furniture, and equipment, and intangible property such as securities, patents, and copyrights are collectively referred to as ________.

The finder of a mislaid property can claim title to the property if it is found within the finder's premises.

Which of the following is considered real property?

In a mutual benefit bailment, the bailee owes a duty of reasonable care to protect the bailed goods.

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