Exam 49: A: Personal Property and Bailments

arrow
  • Select Tags
search iconSearch Question
flashcardsStudy Flashcards
  • Select Tags

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

Free
(Multiple Choice)
4.9/5
(38)
Correct Answer:
Verified

D

Estray statutes determine ownership rights in wild animals that have gone "estray."

Free
(True/False)
4.8/5
(31)
Correct Answer:
Verified

False

The most common way to acquire personal property is to produce it.

Free
(True/False)
4.7/5
(32)
Correct Answer:
Verified

False

Rikki sells shares in Sparkling Spa Company to Telsa.Rikki does not deliver the actual possession of the shares to Telsa,but gives her the key to a safety-deposit box in Unity Bank in which the stock certifi?cates are locked.Presenting the key is

(Multiple Choice)
4.8/5
(35)

Bowie owns a 1957 Chevrolet coupe,which Danica customizes and details to Bowie's specifications.The car earns several awards at regional ve?hicle customizing competition shows.The result of Danica's efforts is

(Multiple Choice)
4.7/5
(36)

Jean leaves her prom dress with Kwik 'n Kleen Launderers to be cleaned and altered for the dance.On its return,the dress is greasy and smells bad,and the alterations burst at the seams.Who suffers the loss and why?

(Essay)
4.9/5
(28)

GR8 Stores,Inc. ,hires Haul-Way Company,a common carrier,to trans?port 500 Intelo Game consoles from San Diego to Phoenix.En route,a pothole causes the truck to crash,damaging the goods.Liability for the damage most likely rests with

(Multiple Choice)
4.8/5
(34)

Rhett works at Scarlett's Sandwich Café.After work,in the parking lot,Rhett finds a diamond ring lost by Thalia.Title to the ring is possessed by

(Multiple Choice)
4.8/5
(40)

A person who finds mislaid property acquires title to the goods.

(True/False)
4.8/5
(30)

Grain from Harvest Farms is wrongfully commingled with grain from Idyllic Fields,which obtains possession of all of the grain.This is

(Multiple Choice)
4.9/5
(39)

A fixture is included in a sale of land if the contract does not provide otherwise.

(True/False)
4.9/5
(24)

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

(Multiple Choice)
4.9/5
(26)

Faye owns the land on which Golden Spurs Ranch is situated,plus the ranch house,barn,and other structures permanently attached to the land.Faye's brother Huey owns everything else in the ranch's opera?tion-livestock,feed,and so on.The personal property is owned by

(Multiple Choice)
4.9/5
(36)

Property voluntarily placed by its owner with no inten?tion of reclaiming it is mislaid property.

(True/False)
4.8/5
(28)

Ben allows Cody to store his trailer on Ben's property for $20 a month while Cody is out of town.Later,Ben no?tices rainwater collecting in the trailer and covers it with a tarp at a cost of $40.This cost is most likely borne by

(Multiple Choice)
4.9/5
(28)

Fact Pattern 49-1B Town Transport Company (TTC)agrees to pick up two containers for Unlimited Sales,Inc. ,and store their contents,to be delivered later.While TTC un?loads one container,the other disappears from TTC's loading dock. -Refer to Fact Pattern 49-1B.These facts give rise to

(Multiple Choice)
4.8/5
(39)

In many states,a hotel is not liable for the loss of any cash or property that guests bring into their rooms if the hotel is not negligent.

(True/False)
4.8/5
(36)

Danielle delivers her dress to Every Day Cleaners for dry cleaning.Every Day's clerk promises that the dress will be ready within five business days.Danielle agrees to pay the charge for the cleaning when she picks up the dress.These parties have a contract.This is

(Multiple Choice)
4.7/5
(38)

Jim wants to give Klio a diamond necklace that Jim has in his safe de?posit box at First National Bank.The bank is closed for a holiday.Jim gives Klio a key to the box and tells her to go to the bank after the holi?day and take the necklace.Klio does this.The next day,Jim dies unex?pectedly.Jim's heirs want the necklace.What type of gift was this? Can Klio keep it?

(Essay)
4.7/5
(36)

With Meg's permission,Nell cuts the trees growing on Meg's land.Nell sells the timber to Olin,who converts it to a variety of wood products.Personal property includes

(Multiple Choice)
4.9/5
(37)
Showing 1 - 20 of 42
close modal

Filters

  • Essay(0)
  • Multiple Choice(0)
  • Short Answer(0)
  • True False(0)
  • Matching(0)