Exam 47: Introduction to Property, Property Insurance, Bailments, and Documents of Title

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Mary cleaned her dorm room in the spring and left a pile of books in Sara's room.Mary told everybody that the books were a gift to Sara.Does Sara have to dispose of them?

(Multiple Choice)

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Question 21

If Jim, Ken, and Lee each deposit 10,000 bushels of wheat in a grain elevator, they would own one-third of the mixture by:

(Multiple Choice)

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Question 22

Accession means the right of the owner of property to any increase in it.

(True/False)

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Question 23

Intangible real property includes all of the following except:

(Multiple Choice)

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Question 24

Coinsurance is common in property insurance as a means of sharing risk between the insurer and insured.

(True/False)

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Question 25

A bailment may be made of either real or personal property.

(True/False)

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Question 26

Which of the following statements is not true of insurance policies?

(Multiple Choice)

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Question 27

The fixture test of purpose or use applies only if the item:

(Multiple Choice)

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Question 28

If Clark buys a tomato plant, he owns the tomatoes produced by the plant based on "confusion."

(True/False)

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Question 29

Warranties in insurance contracts:

(Multiple Choice)

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Question 30

Janessa receives a text from her Aunt Mary in which Mary says she has decided to give Janessa her pet python as a gift.Janessa may refuse to accept the gift.

(True/False)

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Question 31

Dr.Olson is a board-certified ophthalmologist who constructs some specially designed examining tables to use in looking at his patient's eyes.The tables are firmly attached to the floor of the space he rents for his office.If Dr.Olson decides to move his office, which of the following is correct?

(Multiple Choice)

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Question 32

Which of these elements determine the existence of a bailment?

(Multiple Choice)

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Question 33

An heir of a person who dies receives title to the property of the decedent by reason of a gift.

(True/False)

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Question 34

The transfer of personal property involves formalities not required in the transfer of real property.

(True/False)

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Question 35

A furnace would often be classified as a "fixture."

(True/False)

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Question 36

At the end of a bailment, a bailee may correctly deliver the bailed property to a third party (other than the bailor) in certain cases.

(True/False)

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Question 37

All but which of the following hold an insurable interest?

(Multiple Choice)

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Question 38

An example of a bailment for the bailor's sole benefit is when Sherri, without compensation, lends her Cappuccino maker to Ed for Ed's party.

(True/False)

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Question 39

Which of the following is a requirement of a valid gift?

(Multiple Choice)

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Question 40

Showing 21 - 40 of 83

Exam 47: Introduction to Property, Property Insurance, Bailments, and Documents of Title

Mary cleaned her dorm room in the spring and left a pile of books in Sara's room.Mary told everybody that the books were a gift to Sara.Does Sara have to dispose of them?

If Jim, Ken, and Lee each deposit 10,000 bushels of wheat in a grain elevator, they would own one-third of the mixture by:

Accession means the right of the owner of property to any increase in it.

Intangible real property includes all of the following except:

Coinsurance is common in property insurance as a means of sharing risk between the insurer and insured.

A bailment may be made of either real or personal property.

Which of the following statements is not true of insurance policies?

The fixture test of purpose or use applies only if the item:

If Clark buys a tomato plant, he owns the tomatoes produced by the plant based on "confusion."

Warranties in insurance contracts:

Janessa receives a text from her Aunt Mary in which Mary says she has decided to give Janessa her pet python as a gift.Janessa may refuse to accept the gift.

Dr.Olson is a board-certified ophthalmologist who constructs some specially designed examining tables to use in looking at his patient's eyes.The tables are firmly attached to the floor of the space he rents for his office.If Dr.Olson decides to move his office, which of the following is correct?

Which of these elements determine the existence of a bailment?

An heir of a person who dies receives title to the property of the decedent by reason of a gift.

The transfer of personal property involves formalities not required in the transfer of real property.

A furnace would often be classified as a "fixture."

At the end of a bailment, a bailee may correctly deliver the bailed property to a third party (other than the bailor) in certain cases.

All but which of the following hold an insurable interest?

An example of a bailment for the bailor's sole benefit is when Sherri, without compensation, lends her Cappuccino maker to Ed for Ed's party.

Which of the following is a requirement of a valid gift?

Introduction to Law

Business Ethicspart Ii: the Legal Environment of Business

Civil Dispute Resolution

Constitutional Law

Administrative Law

Criminal Law

Negligence and Strict Liabilitypart Iii: Contracts

Introduction to Contracts

Mutual Assent

Conduct Invalidating Assent

Consideration

Illegal Bargains

Contractual Capacity

Contracts in Writing

Third Parties to Contracts

Performance, Breach, and Discharge

Contract Remediespart Iv: Sales

Introduction to Sales and Leases

Performance

Transfer of Title and Risk of Loss

Product Liability: Warranties and Strict Liability

Sales Remediespart V: Negotiable Instruments

Form and Content

Transfer and Holder in Due Course

Liability of Parties

Bank Deposits, Collections, and Funds Transferspart Vi: Agency

Relationship of Principal and Agent

Relationship With Third Partiespart Vii: Business Associations

Formation and Internal Relations of General Partnerships

Operation and Dissolution of General Partnerships

Limited Partnerships and Limited Liability Companies

Nature and Formation of Corporations

Financial Structure of Corporations

Management Structure of Corporations

Fundamental Changes of Corporationspart Viii: Debtor and Creditor Relations

Secured Transactions and Suretyship

Bankruptcypart Ix: Regulation of Business

Securities Regulation

Intellectual Property

Employment Law

Antitrust

Accountants Legal Liability

Consumer Protection

International Business Lawpart X: Property

Interests in Real Property

Transfer and Control of Real Property

Trusts and Wills

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