Question 1

What is the term "choses in action" synonymous with in law?

Accepted Answer

A)  tangible property 
B)  pledged property 
C)  intangible property 
D)  non-portable items 
A)  tangible property 
B)  pledged property 
C)  intangible property 
D)  non-portable items C

Question 2

The practical distinction that exists between carriers and innkeepers relates to the carrier's shared control over the property entrusted to it and the innkeeper's total control over the property of its guests,acquired through their occupancy of rooms.

Accepted Answer

A) True 
 B)False  False

Question 3

Ownership can be acquired by taking possession of abandoned personal property.

Accepted Answer

A) True 
 B)False  True

Question 4

Which of the following would constitute a form of real property?

Accepted Answer

A)  a growing crop 
B)  a holiday trailer 
C)  a patent 
D)  furniture 
A)  a growing crop 
B)  a holiday trailer 
C)  a patent 
D)  furniture

Question 5

Which of the following is a distinguishing characteristic of an easement?

Accepted Answer

A)  It protects land from unwanted intrusion. 
B)  It grants a right to use land for a particular purpose. 
C)  It can be used to grant security interests. 
D)  It imposes a duty to exercise reasonable care. 
A)  It protects land from unwanted intrusion. 
B)  It grants a right to use land for a particular purpose. 
C)  It can be used to grant security interests. 
D)  It imposes a duty to exercise reasonable care.

Question 6

In contractual bailments,bailors warrant that the goods used by their bailees are fit for the purpose for which they are bailed.

Accepted Answer

A) True 
 B)False

Question 7

What feature distinguishes bailment from a contract of purchase and sale?

Accepted Answer

A)  Most commercial contracts are bailments,requiring payment for use of property. 
B)  Most bailments are gratuitous,requiring no payment for use of property. 
C)  A bailor retains ownership upon transfer of possession to the bailee. 
D)  A bailment is typically short-term,while contracts cover a longer term. 
A)  Most commercial contracts are bailments,requiring payment for use of property. 
B)  Most bailments are gratuitous,requiring no payment for use of property. 
C)  A bailor retains ownership upon transfer of possession to the bailee. 
D)  A bailment is typically short-term,while contracts cover a longer term.

Question 8

Which of the following is an example of a legal duty or obligation that is typically associated with the ownership of land?

Accepted Answer

A)  duty to encumber 
B)  duty to develop 
C)  obligation to pay tax 
D)  obligation to remove squatters 
A)  duty to encumber 
B)  duty to develop 
C)  obligation to pay tax 
D)  obligation to remove squatters

Question 9

Why is a short-term lease or rental of property an attractive way for a business to acquire the use of equipment for a particular task or period of time?

Accepted Answer

A)  A lease protects creditors whether the arrangement is contractual or not. 
B)  A lease is a form of sale and is covered by the large number of terms implied through legislation governing the sale of goods 
C)  It makes little sense to purchase something that is not needed for a long period,unless,of course,the rental charges approach the cost of buying. 
D)  The lessee must take reasonable care of the property while that property is in its possession and return it in the state that would be expected 
A)  A lease protects creditors whether the arrangement is contractual or not. 
B)  A lease is a form of sale and is covered by the large number of terms implied through legislation governing the sale of goods 
C)  It makes little sense to purchase something that is not needed for a long period,unless,of course,the rental charges approach the cost of buying. 
D)  The lessee must take reasonable care of the property while that property is in its possession and return it in the state that would be expected

Question 10

Identify the common types of bailments.

Accepted Answer

Following are the most common

Question 11

With respect to a bailment for value,identify the aspects that a contractual services agreement would normally include a description of.

Accepted Answer

In a bailment-for-value arrangement, a c

Question 12

In Canada,most ownership or custodianship rights associated with bodies of water are vested in the Crown.

Accepted Answer

A) True 
 B)False

Question 13

Ross sold his house and went travelling for two months.While he was away,he placed his furniture and other belongings in storage with Kitt's Storage Inc.In these circumstances,Ross is a bailee and Kitt's is a bailor.

Accepted Answer

A) True 
 B)False

Question 14

Describe bailment,and discuss its key issues.

Accepted Answer

A bailment is the temporary transfer of

Question 15

There is no comprehensive system for registering ownership of personal property as there is with real property.

Accepted Answer

A) True 
 B)False

Question 16

Which of the following is reflected by the requirement that a business offering bailment for value appropriately stores perishable items placed in its possession?

Accepted Answer

A)  special terms that limit liability set out in the parties' contract 
B)  a standard of care based on who benefits from the bailment 
C)  special regulations that set out the standard of care 
D)  a standard of care based on the nature of the property 
A)  special terms that limit liability set out in the parties' contract 
B)  a standard of care based on who benefits from the bailment 
C)  special regulations that set out the standard of care 
D)  a standard of care based on the nature of the property

Question 17

What is the most significant effect of the responsibility of the standard of care placed on carriers with respect to the property they carry?

Accepted Answer

A)  Defences relate mainly to events within a carrier's control. 
B)  A bailor is required to prove fault. 
C)  Defences mainly relate to the circumstances of the carrier. 
D)  Carrier liability for mishaps is severely limited. 
A)  Defences relate mainly to events within a carrier's control. 
B)  A bailor is required to prove fault. 
C)  Defences mainly relate to the circumstances of the carrier. 
D)  Carrier liability for mishaps is severely limited.

Question 18

All property,other than land and what is attached to land,that can be identified by its mobility is known as personal property.

Accepted Answer

A) True 
 B)False

Question 19

Shawna received a factory recall notice from her GM dealership.She accepted the dealership's offer to drive her to work when she brings the car in for the service recall.What will be the certain result when Shawna hands the dealership her car keys?

Accepted Answer

A)  An agreement on price for the service will be created in advance. 
B)  An incidental storage bailment will be created. 
C)  A very high standard of care will be expected. 
D)  The dealership will lose the right to retain property for payment. 
A)  An agreement on price for the service will be created in advance. 
B)  An incidental storage bailment will be created. 
C)  A very high standard of care will be expected. 
D)  The dealership will lose the right to retain property for payment.

Question 20

Which of the following is most prominent in bailment transactions?

Accepted Answer

A)  proof and protection of ownership 
B)  preservation of economic value 
C)  transfer of risk 
D)  retention of risk 
A)  proof and protection of ownership 
B)  preservation of economic value 
C)  transfer of risk 
D)  retention of risk

Exam 17: Introduction to Property Law

What is the term "choses in action" synonymous with in law?

The practical distinction that exists between carriers and innkeepers relates to the carrier's shared control over the property entrusted to it and the innkeeper's total control over the property of its guests,acquired through their occupancy of rooms.

Ownership can be acquired by taking possession of abandoned personal property.

Which of the following would constitute a form of real property?

Which of the following is a distinguishing characteristic of an easement?

In contractual bailments,bailors warrant that the goods used by their bailees are fit for the purpose for which they are bailed.

What feature distinguishes bailment from a contract of purchase and sale?

Which of the following is an example of a legal duty or obligation that is typically associated with the ownership of land?

Why is a short-term lease or rental of property an attractive way for a business to acquire the use of equipment for a particular task or period of time?

Identify the common types of bailments.

With respect to a bailment for value,identify the aspects that a contractual services agreement would normally include a description of.

In Canada,most ownership or custodianship rights associated with bodies of water are vested in the Crown.

Ross sold his house and went travelling for two months.While he was away,he placed his furniture and other belongings in storage with Kitt's Storage Inc.In these circumstances,Ross is a bailee and Kitt's is a bailor.

Describe bailment,and discuss its key issues.

There is no comprehensive system for registering ownership of personal property as there is with real property.

Which of the following is reflected by the requirement that a business offering bailment for value appropriately stores perishable items placed in its possession?

What is the most significant effect of the responsibility of the standard of care placed on carriers with respect to the property they carry?

All property,other than land and what is attached to land,that can be identified by its mobility is known as personal property.

Shawna received a factory recall notice from her GM dealership.She accepted the dealership's offer to drive her to work when she brings the car in for the service recall.What will be the certain result when Shawna hands the dealership her car keys?

Which of the following is most prominent in bailment transactions?

Knowledge of Law As a Business Asset

The Canadian Legal System

Managing Legal Risks

Dispute Resolution

An Introduction to Contracts

Forming Contractual Relationships

The Terms of a Contract

Non-Enforcement of Contracts

Termination and Enforcement of Contracts

Introduction to Tort Law

The Tort of Negligence

Other Torts

The Agency Relationship

Business Forms and Arrangements

The Corporate Form: Organizational Matters

The Corporate Form: Operational Matters

Intellectual Property

Real Property

The Employment Relationship

Terminating the Employment Relationship

Professional Services

The Sale of Goods

Consumer Protection and Competition Law

Business and Banking

The Legal Aspects of Credit

Bankruptcy and Insolvency

Insurance

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