Exam 48: Personal Property and Bailments

Logan borrows Morris's bike to ride over mountain trails. The bike is damaged during the ride. Liable for the cost of repairing the bike is

Luther leaves his pick-up truck at Midtown Auto Service for an oil change. This is

Constructive delivery occurs when property is physically transferred.

Warehouse companies are not liable for loss or damage to property resulting from negligence.

Property consists of the legally protected rights and interest of a person in anything with an ascertainable value that is subject to ownership.

Simply finding something and holding onto it gives the finder legal rights in the property.

Einar owns a 1967 Ford Mustang, which Ginny customizes and details to Einar's specifications. The car earns an award at the Regional Motorsports Customizing Convention. The result of Ginny's efforts is

Fact Pattern 48-1B (Questions B18-B19 apply) Truck & Transfer Inc. agrees to pick up two containers for United Home Products Corporation and store their contents, to be delivered later. While Truck & Transfer un?loads one container, the other disappears from the company's loading dock. -Refer to Fact Pattern 48-1B. These facts give rise to

A bailee must exercise reasonable care in preserving the bailed property.

Ester sells shares in Fast Food Franchise Company to Gaye. Ester does not hand the stock certificates to Gaye, but gives her the key to a safety-deposit box in Heartland Bank in which the certifi?cates are locked. Presenting the key is

Confusion of fungible goods results in the owners' loss of their rights in the property.

Gretel, an inventor, has tools in her workshop, including hammers, a table saw, and drills. She has a patent on her most recent invention, a kitchen gas grill. She licenses the patent to Home Appliances, Inc., a company in which she owns stock. Her tangible personal property includes the

Nero and Omar agree to buy natural gas to sell to Power Fuel Refinery and to share storage costs until Power Fuel can take delivery. The gas is commingled so that Nero's cannot be distinguished from Omar's. This is

To be effective, a gift causa mortis must meet only two requirements: intent and acceptance.

In contemplation of death during sur?gery, Donnelly gives his guitars to Ezri. The surgery is successful, and Donnelly recovers from the operation. The gift of the guitars is

Common carriers can contract away their liability for damaged goods.

Mallory's sister Naomi gives Mallory a leather working kit for Christmas. Mallory uses the kit to make a saddle. Mallory's acquisition of the saddle is by

Trade fixtures belong to the owner of the property on which they are installed regardless of the purpose of their installation or who installed them.

Orla leases a building to Pleasant Valley Residence, an assisted living facility. During the term of the lease, Orla installs a new roof and commercial kitchen appliances, and repaves the parking lot. Most likely to meet the definition of a trade fix?ture is

Miranda delivers her bridesmaid's dress to Nina for alterations. Nina promises that the dress will be ready within five business days. Miranda agrees to pay the charge when she picks up the dress. This is