Exam 47: Personal Property and Bailment

The Uniform Transfers to Minors Act establish procedures for adults to make irrevocable gifts of money and securities to minors.

Under the common law, innkeepers were less liable for lost or stolen guest property when compared to the innkeepers' statutes.

Ordinary bailments involve warehouse companies, common carriers, and innkeepers.

Common carriers are not liable for the loss, damage, or destruction of goods caused by an act of God.

A person can acquire ownership of unowned personal property by taking possession of it.

What is the role of an innkeeper as a bailee? How does the innkeepers' statute help an innkeeper?

Give an account of the different types of properties that can be owned.

A(n)________ statute permits a finder of mislaid or lost property to clear title to the property if certain prescribed legal formalities are met.

Confusion occurs if two or more persons commingle fungible goods.