Question 1

Match the terms with their descriptions:
-Tortious bailee

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 2

What term describes a gratuitous bailment?

Accepted Answer

A)  Bailment for the sole benefit of the bailor 
B)  Bailment for the sole benefit of the bailee 
C)  Mutual benefit bailment 
D)  Shared benefit bailment 
A)  Bailment for the sole benefit of the bailor 
B)  Bailment for the sole benefit of the bailee 
C)  Mutual benefit bailment 
D)  Shared benefit bailment

Question 3

What term describes a promissory note?

Accepted Answer

A)  Intangible property 
B)  Tangible property 
C)  Trade fixture 
D)  Real property 
A)  Intangible property 
B)  Tangible property 
C)  Trade fixture 
D)  Real property

Question 4

Laura was swimming in a public pool and did not notice that her emerald ring slipped off her finger. To comfort Laura, Jeffry presented her a ring with a ruby. When a friend said that the ruby was a fake one, angry Laura tossed the ring into a trash can. Later Wendy found Laura's emerald ring in the pool, and Clara found Laura's ruby ring in the trash can. Discuss what legal terms describe rings that left Laura's possession and who now owns them.

Accepted Answer

Laura, the owner of the emerald ring, di

Question 5

When a person gives a gift to another, it is called an inter ________ gift.

Accepted Answer

The answer of When a person gives a gift to...

Question 6

What term describes a sale of property to the highest bidder?

Accepted Answer

A)  Auction sale 
B)  Rummage sale 
C)  Bargain 
D)  Negotiation 
A)  Auction sale 
B)  Rummage sale 
C)  Bargain 
D)  Negotiation

Question 7

When a person possesses personal property, he or she always owns it.

Accepted Answer

A) True 
 B)False

Question 8

What term describes anything subject of ownership other than real property?

Accepted Answer

A)  Personal property 
B)  Chattels 
C)  Personalty 
D)  All of the above 
A)  Personal property 
B)  Chattels 
C)  Personalty 
D)  All of the above

Question 9

One element of a valid gift is the donee's ________ of the gift.

Accepted Answer

The answer of One element of a valid gift is...

Question 10

What is an example of abandoned property?

Accepted Answer

A)  Necklace misplaced in the house 
B)  Books taken to the recycling center 
C)  Suitcase lost at a railway station 
D)  Camera borrowed by a friend 
A)  Necklace misplaced in the house 
B)  Books taken to the recycling center 
C)  Suitcase lost at a railway station 
D)  Camera borrowed by a friend

Question 11

In an auction without reserve, the offeror is the bidder.

Accepted Answer

A) True 
 B)False

Question 12

A bailee owes a duty to use great care with the bailed property.

Accepted Answer

A) True 
 B)False

Question 13

A person finding a(n) ________ property becomes its new owner.

Accepted Answer

The answer of A person finding a(n) ________ property becomes...

Question 14

The donor's intent to make a gift is an element of a valid gift.

Accepted Answer

A) True 
 B)False

Question 15

Match the terms with their descriptions:
-Donee

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 16

People who found lost property always acquire ownership rights to this property.

Accepted Answer

A) True 
 B)False

Question 17

All states allow real property to be the subject of a gift causa mortis.

Accepted Answer

A) True 
 B)False

Question 18

A built-in conditioner, permanently installed in a house, is an example of a(n) ________.

Accepted Answer

The answer of A built-in conditioner, permanently installed in a...

Question 19

What is an example of a donor's intent to make a gift?

Accepted Answer

A)  Jane thinks about giving a car to Ray 
B)  Jane refuses to give a car to Ray 
C)  Jane contemplates to give a car to Ray 
D)  Jane buys a car and announces that it is a gift for Ray 
A)  Jane thinks about giving a car to Ray 
B)  Jane refuses to give a car to Ray 
C)  Jane contemplates to give a car to Ray 
D)  Jane buys a car and announces that it is a gift for Ray

Question 20

What is an example of a symbolic delivery of a gift?

Accepted Answer

A)  Kate gives a camera to Tom 
B)  Kate mails a camera to Tom 
C)  Tom receives keys to a tractor stored on his uncle's farm 
D)  Kate hires a courier to deliver a camera to Tom 
A)  Kate gives a camera to Tom 
B)  Kate mails a camera to Tom 
C)  Tom receives keys to a tractor stored on his uncle's farm 
D)  Kate hires a courier to deliver a camera to Tom

Exam 22: Personal Property Vs Bailments

Match the terms with their descriptions: -Tortious bailee

What term describes a gratuitous bailment?

What term describes a promissory note?

When a person gives a gift to another, it is called an inter ________ gift.

What term describes a sale of property to the highest bidder?

When a person possesses personal property, he or she always owns it.

What term describes anything subject of ownership other than real property?

One element of a valid gift is the donee's ________ of the gift.

What is an example of abandoned property?

In an auction without reserve, the offeror is the bidder.

A bailee owes a duty to use great care with the bailed property.

A person finding a(n) ________ property becomes its new owner.

The donor's intent to make a gift is an element of a valid gift.

Match the terms with their descriptions: -Donee

People who found lost property always acquire ownership rights to this property.

All states allow real property to be the subject of a gift causa mortis.

A built-in conditioner, permanently installed in a house, is an example of a(n) ________.

What is an example of a donor's intent to make a gift?

What is an example of a symbolic delivery of a gift?

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