Question 1

Match the terms with their descriptions:
-Abandoned property

Accepted Answer

A)  Owner of the goods who places them in the possession of another person 
B)  Person having intentional, wrongful possession of another's goods 
C)  Sale of a property to the highest bidder 
D)  Personal property is physically attached to real property 
E)  Recipient of a gift
F) Evidence of ownership
G) Method of acquiring personal property
H) Property that has substance and that can be touched
I) Property intentionally discarded by its owner
J) Person, in anticipation of impending death, gives his or her property to someone 
A)  Owner of the goods who places them in the possession of another person 
B)  Person having intentional, wrongful possession of another's goods 
C)  Sale of a property to the highest bidder 
D)  Personal property is physically attached to real property 
E)  Recipient of a gift
F) Evidence of ownership
G) Method of acquiring personal property
H) Property that has substance and that can be touched
I) Property intentionally discarded by its owner
J) Person, in anticipation of impending death, gives his or her property to someone I

Question 2

The finder of what kind of property becomes its new owner?

Accepted Answer

A)  Lost 
B)  Mislaid 
C)  Abandoned 
D)  All of the above 
A)  Lost 
B)  Mislaid 
C)  Abandoned 
D)  All of the above C

Question 3

A person can acquire personal property when he or she creates it.

Accepted Answer

A) True 
 B)False  True

Question 4

Match the terms with their descriptions:
-Auction sale

Accepted Answer

A)  Owner of the goods who places them in the possession of another person 
B)  Person having intentional, wrongful possession of another's goods 
C)  Sale of a property to the highest bidder 
D)  Personal property is physically attached to real property 
E)  Recipient of a gift
F) Evidence of ownership
G) Method of acquiring personal property
H) Property that has substance and that can be touched
I) Property intentionally discarded by its owner
J) Person, in anticipation of impending death, gives his or her property to someone 
A)  Owner of the goods who places them in the possession of another person 
B)  Person having intentional, wrongful possession of another's goods 
C)  Sale of a property to the highest bidder 
D)  Personal property is physically attached to real property 
E)  Recipient of a gift
F) Evidence of ownership
G) Method of acquiring personal property
H) Property that has substance and that can be touched
I) Property intentionally discarded by its owner
J) Person, in anticipation of impending death, gives his or her property to someone

Question 5

Define personal property, tangible personal property, and intangible personal property. Identity different terms used to describe personal property and various methods of personal property acquisition.

Accepted Answer

Definition: Personal property is anythin

Question 6

Martin took his camera to Jake's repair shop to be fixed for a certain price. After the camera was fixed, Martin loaned it to Sandra, for free. Sandra stored her furniture in Martin's garage, for free. Discuss what kind of bailments took place, what duty of care over the bailed property should be exercised and by whom.

Accepted Answer

Martin (the bailor) and Jake (the bailee

Question 7

A trade fixture always becomes part of the real property.

Accepted Answer

A) True 
 B)False

Question 8

Match the terms with their descriptions:
-Bailor

Accepted Answer

A)  Owner of the goods who places them in the possession of another person 
B)  Person having intentional, wrongful possession of another's goods 
C)  Sale of a property to the highest bidder 
D)  Personal property is physically attached to real property 
E)  Recipient of a gift
F) Evidence of ownership
G) Method of acquiring personal property
H) Property that has substance and that can be touched
I) Property intentionally discarded by its owner
J) Person, in anticipation of impending death, gives his or her property to someone 
A)  Owner of the goods who places them in the possession of another person 
B)  Person having intentional, wrongful possession of another's goods 
C)  Sale of a property to the highest bidder 
D)  Personal property is physically attached to real property 
E)  Recipient of a gift
F) Evidence of ownership
G) Method of acquiring personal property
H) Property that has substance and that can be touched
I) Property intentionally discarded by its owner
J) Person, in anticipation of impending death, gives his or her property to someone

Question 9

A commercial bailment when both the bailor and the bailee receive something valuable from the transaction is called a mutual ________ bailment.

Accepted Answer

The answer of A commercial bailment when both the bailor...

Question 10

Match the terms with their descriptions:
-Title

Accepted Answer

A)  Owner of the goods who places them in the possession of another person 
B)  Person having intentional, wrongful possession of another's goods 
C)  Sale of a property to the highest bidder 
D)  Personal property is physically attached to real property 
E)  Recipient of a gift
F) Evidence of ownership
G) Method of acquiring personal property
H) Property that has substance and that can be touched
I) Property intentionally discarded by its owner
J) Person, in anticipation of impending death, gives his or her property to someone 
A)  Owner of the goods who places them in the possession of another person 
B)  Person having intentional, wrongful possession of another's goods 
C)  Sale of a property to the highest bidder 
D)  Personal property is physically attached to real property 
E)  Recipient of a gift
F) Evidence of ownership
G) Method of acquiring personal property
H) Property that has substance and that can be touched
I) Property intentionally discarded by its owner
J) Person, in anticipation of impending death, gives his or her property to someone

Question 11

Match the terms with their descriptions:
-Fixture

Accepted Answer

A)  Owner of the goods who places them in the possession of another person 
B)  Person having intentional, wrongful possession of another's goods 
C)  Sale of a property to the highest bidder 
D)  Personal property is physically attached to real property 
E)  Recipient of a gift
F) Evidence of ownership
G) Method of acquiring personal property
H) Property that has substance and that can be touched
I) Property intentionally discarded by its owner
J) Person, in anticipation of impending death, gives his or her property to someone 
A)  Owner of the goods who places them in the possession of another person 
B)  Person having intentional, wrongful possession of another's goods 
C)  Sale of a property to the highest bidder 
D)  Personal property is physically attached to real property 
E)  Recipient of a gift
F) Evidence of ownership
G) Method of acquiring personal property
H) Property that has substance and that can be touched
I) Property intentionally discarded by its owner
J) Person, in anticipation of impending death, gives his or her property to someone

Question 12

What is an example of bailment for the sole benefit of the bailee?

Accepted Answer

A)  Vera stores her car in John's garage, without compensation 
B)  Vera stores her car in John's garage, with compensation 
C)  Vera leaves her car in a car repair shop to be fixed 
D)  Vera loans John her video camera 
A)  Vera stores her car in John's garage, without compensation 
B)  Vera stores her car in John's garage, with compensation 
C)  Vera leaves her car in a car repair shop to be fixed 
D)  Vera loans John her video camera

Question 13

Delivery of a gift can only be made constructively.

Accepted Answer

A) True 
 B)False

Question 14

Match the terms with their descriptions:
-Inheritance

Accepted Answer

A)  Owner of the goods who places them in the possession of another person 
B)  Person having intentional, wrongful possession of another's goods 
C)  Sale of a property to the highest bidder 
D)  Personal property is physically attached to real property 
E)  Recipient of a gift
F) Evidence of ownership
G) Method of acquiring personal property
H) Property that has substance and that can be touched
I) Property intentionally discarded by its owner
J) Person, in anticipation of impending death, gives his or her property to someone 
A)  Owner of the goods who places them in the possession of another person 
B)  Person having intentional, wrongful possession of another's goods 
C)  Sale of a property to the highest bidder 
D)  Personal property is physically attached to real property 
E)  Recipient of a gift
F) Evidence of ownership
G) Method of acquiring personal property
H) Property that has substance and that can be touched
I) Property intentionally discarded by its owner
J) Person, in anticipation of impending death, gives his or her property to someone

Question 15

What term describes personal property that can be touched?

Accepted Answer

A)  Real 
B)  Tangible 
C)  Material 
D)  Substantial 
A)  Real 
B)  Tangible 
C)  Material 
D)  Substantial

Question 16

During the purchase of personal property, title to property transfers from the seller to the buyer at the time of purchase.

Accepted Answer

A) True 
 B)False

Question 17

Who is a tortious bailee?

Accepted Answer

A)  Person who has title to the property 
B)  Person who has rightful possession of the property 
C)  Person who has wrongful possession of the property 
D)  None of the above 
A)  Person who has title to the property 
B)  Person who has rightful possession of the property 
C)  Person who has wrongful possession of the property 
D)  None of the above

Question 18

How can personal property be acquired?

Accepted Answer

A)  Anna buys a table at an auction 
B)  Anna receives a boat as a gift 
C)  Anna inherits a car 
D)  All of the above 
A)  Anna buys a table at an auction 
B)  Anna receives a boat as a gift 
C)  Anna inherits a car 
D)  All of the above

Question 19

Under Section 2-238 of the UCC, auctions are presumed to be with ________ unless otherwise explicitly stated.

Accepted Answer

The answer of Under Section 2-238 of the UCC, auctions...

Question 20

Match the terms with their descriptions:
-Tangible personal property

Accepted Answer

A)  Owner of the goods who places them in the possession of another person 
B)  Person having intentional, wrongful possession of another's goods 
C)  Sale of a property to the highest bidder 
D)  Personal property is physically attached to real property 
E)  Recipient of a gift
F) Evidence of ownership
G) Method of acquiring personal property
H) Property that has substance and that can be touched
I) Property intentionally discarded by its owner
J) Person, in anticipation of impending death, gives his or her property to someone 
A)  Owner of the goods who places them in the possession of another person 
B)  Person having intentional, wrongful possession of another's goods 
C)  Sale of a property to the highest bidder 
D)  Personal property is physically attached to real property 
E)  Recipient of a gift
F) Evidence of ownership
G) Method of acquiring personal property
H) Property that has substance and that can be touched
I) Property intentionally discarded by its owner
J) Person, in anticipation of impending death, gives his or her property to someone

Exam 22: Personal Property Vs Bailments

Match the terms with their descriptions: -Abandoned property

The finder of what kind of property becomes its new owner?

A person can acquire personal property when he or she creates it.

Match the terms with their descriptions: -Auction sale

Define personal property, tangible personal property, and intangible personal property. Identity different terms used to describe personal property and various methods of personal property acquisition.

A trade fixture always becomes part of the real property.

Match the terms with their descriptions: -Bailor

A commercial bailment when both the bailor and the bailee receive something valuable from the transaction is called a mutual ________ bailment.

Match the terms with their descriptions: -Title

Match the terms with their descriptions: -Fixture

What is an example of bailment for the sole benefit of the bailee?

Delivery of a gift can only be made constructively.

Match the terms with their descriptions: -Inheritance

What term describes personal property that can be touched?

During the purchase of personal property, title to property transfers from the seller to the buyer at the time of purchase.

Who is a tortious bailee?

How can personal property be acquired?

Under Section 2-238 of the UCC, auctions are presumed to be with ________ unless otherwise explicitly stated.

Match the terms with their descriptions: -Tangible personal property

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