Question 1

If you rent a television set and then take it in for repairs, you are

Accepted Answer

A)  a bailor. 
B)  a bailee. 
C)  both bailor and bailee. 
D)  none of these. 
A)  a bailor. 
B)  a bailee. 
C)  both bailor and bailee. 
D)  none of these.

Question 2

For a bailment to exist, there must be

Accepted Answer

A)  a transfer of possession. 
B)  a transfer of title. 
C)  a transfer of real property. 
D)  none of these. 
A)  a transfer of possession. 
B)  a transfer of title. 
C)  a transfer of real property. 
D)  none of these.

Question 3

A bailment implied by law

Accepted Answer

A)  is a result of an express agreement. 
B)  must contain all the essential elements of a contract. 
C)  occurs when you check a coat with a cloakroom attendant. 
D)  occurs when you find a lost necklace. 
A)  is a result of an express agreement. 
B)  must contain all the essential elements of a contract. 
C)  occurs when you check a coat with a cloakroom attendant. 
D)  occurs when you find a lost necklace.

Question 4

Blair took his motorcycle to Ace Services for repair. If Blair fails to pay for the repairs, what action may Ace take and on what basis?

Accepted Answer

Ace has a bailee's lien. It ma

Question 5

The receipt a consignor receives upon shipping goods is a(n) ____________________.

Accepted Answer

The answer of The receipt a consignor receives upon shipping...

Question 6

Depositing money in a checking account at the bank results in a(n) ____________________ relationship.

Accepted Answer

The answer of Depositing money in a checking account at...

Question 7

The subject of a bailment could be

Accepted Answer

A)  a bicycle. 
B)  a jacket. 
C)  a set of china. 
D)  all of these. 
A)  a bicycle. 
B)  a jacket. 
C)  a set of china. 
D)  all of these.

Question 8

A carrier may make a special charge called a(n) ____________________ for delays caused by the consignor or the consignee.

Accepted Answer

The answer of A carrier may make a special charge...

Question 9

You drive your car to a service station for repairs. This is

Accepted Answer

A)  a bailment for the benefit of the bailee. 
B)  a bailment for the benefit of the bailor. 
C)  a mutual benefit bailment. 
D)  a gratuitous bailment. 
A)  a bailment for the benefit of the bailee. 
B)  a bailment for the benefit of the bailor. 
C)  a mutual benefit bailment. 
D)  a gratuitous bailment.

Question 10

A constructive bailment means

Accepted Answer

A)  that the bailee must exercise reasonable care. 
B)  that the bailee must return lost or stolen property to its rightful owner. 
C)  that the bailee may sell the property if it is not claimed. 
D)  all of these. 
A)  that the bailee must exercise reasonable care. 
B)  that the bailee must return lost or stolen property to its rightful owner. 
C)  that the bailee may sell the property if it is not claimed. 
D)  all of these.

Exam 32: Nature and Types of Bailments

If you rent a television set and then take it in for repairs, you are

For a bailment to exist, there must be

A bailment implied by law

Blair took his motorcycle to Ace Services for repair. If Blair fails to pay for the repairs, what action may Ace take and on what basis?

The receipt a consignor receives upon shipping goods is a(n) ____________________.

Depositing money in a checking account at the bank results in a(n) ____________________ relationship.

The subject of a bailment could be

A carrier may make a special charge called a(n) ____________________ for delays caused by the consignor or the consignee.

You drive your car to a service station for repairs. This is

A constructive bailment means

Foundations of Law and the Role of Ethics in Business

The Legal System in the United States and Its Constitutional Foundation

Personal, Business, and Cyber Crimes and the American Criminal Justice System

Tort Law: Traditional Torts and Cyber Torts

Litigation and Alternatives for Settling Civil Disputes

Contract Law: a Beginning

Agreement: Offer and Acceptance

Consideration

Capacity

Legality

Memorialize Contracts in Writingstatute of Frauds

Transfer of Contract Rights and Duties

The Termination of Contracts: Discharge

The Termination of Contracts: Breach of Contract

Formation of Sales and Lease Contracts

The Sales Contract: Transfer of Title and Risk of Loss

The Sales Contract: Performance, Breach, and Remedies for Breach

Product Liability Law

Nature and Types of Negotiable Instruments

Issue, Transfer, Indorsement, and Discharge of Negotiable Instruments

Rights and Duties of Parties

Checks and the Banking System in the Twenty-First Century

Employer-Employee Relationship

Principal-Agent Relationship

Principal-Agent, Employer-Employee, and Third-Party Relationships

Sole Proprietorships, Partnerships, and Limited Liability Organizations

Corporations and Franchising

Government Regulation of Business

Basic Legal Concepts of Property

Renting Real Property

Buying and Selling Real Property

Wills, Intestacy, and Estate Planning

Protecting the Consumer and the Taxpayer

Protecting the Borrower

Protecting the Creditor

Property, Casualty and Automobile Insurance

Personal Insurance

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