Exam 47: Personal Property and Bailment

Some trees were cut down and made into lumber,and the lumber was used to build a house.What type of property were the trees while growing,as lumber,and as part of the house,respectively?

Jackie is trying on clothes in the dressing room of Highspot Department Store.Jackie goes home,but leaves her purse in the dressing room.A Highspot employee,Maxine,finds the purse in the dressing room and gives it to the storeowner.Assuming Jackie never returns to claim the purse,who gets possession of the purse and its contents,assuming the purse is (a)lost,(b)mislaid,or (c)abandoned?

A bailment where money is paid from one party to the other is usually described as:

Which of the following is true when someone accidentally makes an improvement to the personal property of another where the owner was unaware of the improvement until after it had been made?

If lost personal property is found by an employee in a business establishment,who has the superior rights to that property?

Bailees are allowed to commingle fungible goods.

Common carriers are held to a general duty of care if goods are lost,damaged,destroyed or stolen.

All property can be classified into which of the following?

Generally,a finder of lost property has superior rights to that property against everyone,except the original owner.

Bob is camping in the mountains one cold winter with a friend of his,Alfred.Bob writes a postcard to his college roommate that says,"Dear Frank,I am giving you the antique desk in my Denver home.Come pick it up once I am back in town.With kind regards from your freezing cold friend,Bob." Bob freezes to death at his campsite an hour later.Bob has no will but his wife is his only heir.What is true?

Which of the following is not necessary for bailment?

Innkeepers may not limit their liability regardless of notification to their guests of the dollar limit placed on liability for a guest's property.

Stock certificates are tangible personal property.

Marvin is walking down the alley looking in trashcans just to see what is there.He finds an old,broken baseball trophy that the owner has obviously thrown away.Marvin has always wanted such a trophy,so he takes it home.Marvin has:

You are at a booth in a restaurant and find some tickets on the seat of the booth.These tickets are to the opening Olympic ceremonies in Salt Lake City in 2002,but contain no name or other indication as to whose they are.Which of the following could be crucial as to whether you or the restaurant would get the tickets?

A gift causa mortis takes precedence over a prior conflicting will.

Beth is leaving for vacation for 2 weeks and is concerned about her antique Thunderbird because she does not have a garage.She reaches an agreement with a neighbor,Billy,for Billy to store her car in his garage for the 2 weeks for $100.While she is gone,Billy drives the car approximately 100 miles.In this circumstance:

If the owner of lost or mislaid property ceases trying to locate it,the property can become abandoned.

A bailment at will can be terminated at any time by only the bailor.

Making a gift of real property by delivering the deed to the recipient (donee),is an example of constructive or symbolic delivery.