Exam 47: Personal Property and Bailments

Owen takes a Paisley-made pinball machine to Quality Games, Inc., for repair. Lacking certain parts, Quality ships the game to Regal Company. While in Regal's possession, the game is damaged. Quality can recover for the damage from

Idaho Farms mistakenly puts its potatoes in Jackson Co-op's storage bin, which already contains Kelly Spud Farm's potatoes. It is impossible to tell which potatoes originally belonged to which party. This is

Production is a means of acquiring ownership of personal property.

Delivery of intangible personal property must be done by sym?bolic delivery.

Quint rents a riding mower from Rent-All, Inc. Quint leaves the mower in a remote location overnight. When he returns to retrieve it, it is gone. Liability for the loss most likely rests with

In a gratuitous bailment, a bailee has a right to be compensated for costs incurred in keeping bailed property.

John steals an old, battered bicycle that is parked, unlocked, in front of a convenience store. He repairs, paints, and replac?es parts on the bike un?til it is like new. The original owner, Kim, claims the bike. The bike be?longs to

In an ordinary bailment, a bailee has the right to limit his or her liability.

If a person intends an item to be a fixture, then normally it will be con?sidered a fixture.

Patty's parents give her a car as a gradua?tion present. While Patty spends the sum?mer in Europe, her friend Rita agrees to keep the car in her ga?rage. On Patty's part, this is acquisition of property by

Veritable Company stores office furniture with Warehouse Storage, Inc. (WSI), under a contract that limits the warehouse company's liability for lost or damaged property to $500. The furniture is lost through no fault of WSI. The loss is most likely suffered by

Ansel owns Bar-B Ranch. Ansel's only son Cy owns Double-D Ranch in the same county. Ansel gives 90 percent of the Bar-B to Etta, a short-term employee. This gift

Jennifer finds a full duffel bag that she believes may be subject to an es?tray statute. Estray statutes apply to

Property voluntarily placed somewhere by its owner and inadver?tently forgotten is lost property.

Constructive delivery occurs when property is physically transferred.

Tab stores video equipment with U-Store-It, Inc., under a contract that excuses the warehouser from liability for any damage. A fire due to U-Store-It's negligence destroys the equipment. The loss is most likely to be imposed on

During the last years of her life, Barb's chief companion was Sylvia. Barb told Sylvia that she could have a certain painting when Barb died. Barb died without a valid will. Her family refused to give the painting to Sylvia, however, who filed a suit to obtain its possession. Based on the de?cision in Case 47.1, In re Estate of Piper, the court will most likely rule in favor of

Before undergoing sur?gery that could cause paralysis, Greg, a violinist, gives his concert violin to Holly. The surgery is successful, and Greg suf?fers no pa?ralysis. Greg can

One way to acquire ownership rights to property is merely to possess it.

Jill loans her laptop to Kyle. This is a bailment for