Question 1

Property would have little value if the law did not define the rights of owners to use, sell, dispose of, and control their property.

Accepted Answer

A) True 
 B)False

Question 2

Dona owns factory machinery and the tools to service it, as well as office furniture, including computers. Emily owns patents, trademarks that identify the products made under those patents, and stock in the company that sells those products. Personal property includes items owned by​

Accepted Answer

A)   ​Dona and Emily.
B)   ​Dona only.
C)   ​Emily only.
D)   ​neither Dona nor Emilio.E) C) and D)
F) A) and B)

Question 3

When a passenger boards a plane, he or she becomes the subject of a bailment.

Accepted Answer

A) True 
 B)False

Question 4

Property voluntarily placed by its owner and inadvertently forgotten is mislaid property.

Accepted Answer

A) True 
 B)False

Question 5

Real property can be the subject of a bailment.

Accepted Answer

A) True 
 B)False

Question 6

Mallory's brother Nate gives her a leather working kit. She uses it to make a saddle. Her acquisition of the saddle is by​

Accepted Answer

A)   ​gift.
B)   ​accession.
C)   ​confusion.
D)   ​production.E) A) and D)
F) B) and C)

Question 7

In contemplation of death during risky surgery, Ben, a guitarist, gives his guitars to Cathy. The surgery is successful, and Ben does not die. The gift of the guitars is​

Accepted Answer

A)   ​not revoked because it was a gift causa mortis.
B)   ​not revoked because it was a gift inter vivos.
C)   ​revoked because it was a gift causa mortis.
D)   ​revoked because it was a gift inter vivos.E) A) and D)
F) None of the above

Question 8

A gift is effective whether or not it is accepted.

Accepted Answer

A) True 
 B)False

Question 9

The owner of the place where property was mislaid becomes the caretaker of the property.

Accepted Answer

A) True 
 B)False

Question 10

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​

Accepted Answer

A)   ​an implied bailment.
B)   ​an involuntary bailment.
C)   ​an express bailment.
D)   ​not a bailment.E) C) and D)
F) B) and D)

Question 11

Someone who finds abandoned property acquires title to it and that title is good against the whole world, except the original owner.

Accepted Answer

A) True 
 B)False

Question 12

What is required to transfer or acquire property is determined by whether the property is classified as tangible or intangible.

Accepted Answer

A) True 
 B)False

Exam 27: Personal Property and Bailments

Property voluntarily placed by its owner and inadvertently forgotten is mislaid property.

Correct Answer
verified

A gift is effective whether or not it is accepted.

Correct Answer
verified

What is required to transfer or acquire property is determined by whether the property is classified as tangible or intangible.

Correct Answer
verified

Property would have little value if the law did not define the rights of owners to use, sell, dispose of, and control their property.

Correct Answer
verified

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

Correct Answer
verified

Someone who finds abandoned property acquires title to it and that title is good against the whole world, except the original owner.

Correct Answer
verified

When a passenger boards a plane, he or she becomes the subject of a bailment.

Correct Answer
verified

Dona owns factory machinery and the tools to service it, as well as office furniture, including computers. Emily owns patents, trademarks that identify the products made under those patents, and stock in the company that sells those products. Personal property includes items owned by

Correct Answer
verified

The owner of the place where property was mislaid becomes the caretaker of the property.

Correct Answer
verified

In contemplation of death during risky surgery, Ben, a guitarist, gives his guitars to Cathy. The surgery is successful, and Ben does not die. The gift of the guitars is

Correct Answer
verified

Real property can be the subject of a bailment.

Correct Answer
verified

Mallory's brother Nate gives her a leather working kit. She uses it to make a saddle. Her acquisition of the saddle is by

Correct Answer
verified

Exam 27: Personal Property and Bailments

Property voluntarily placed by its owner and inadvertently forgotten is mislaid property.

Correct AnswerverifiedShow Answer

A gift is effective whether or not it is accepted.

Correct AnswerverifiedShow Answer

What is required to transfer or acquire property is determined by whether the property is classified as tangible or intangible.

Correct AnswerverifiedShow Answer

Property would have little value if the law did not define the rights of owners to use, sell, dispose of, and control their property.

Correct AnswerverifiedShow Answer

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​

Correct AnswerverifiedShow Answer

Someone who finds abandoned property acquires title to it and that title is good against the whole world, except the original owner.

Correct AnswerverifiedShow Answer

When a passenger boards a plane, he or she becomes the subject of a bailment.

Correct AnswerverifiedShow Answer

Dona owns factory machinery and the tools to service it, as well as office furniture, including computers. Emily owns patents, trademarks that identify the products made under those patents, and stock in the company that sells those products. Personal property includes items owned by​

Correct AnswerverifiedShow Answer

The owner of the place where property was mislaid becomes the caretaker of the property.

Correct AnswerverifiedShow Answer

In contemplation of death during risky surgery, Ben, a guitarist, gives his guitars to Cathy. The surgery is successful, and Ben does not die. The gift of the guitars is​

Correct AnswerverifiedShow Answer

Real property can be the subject of a bailment.

Correct AnswerverifiedShow Answer

Mallory's brother Nate gives her a leather working kit. She uses it to make a saddle. Her acquisition of the saddle is by​

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

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

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Dona owns factory machinery and the tools to service it, as well as office furniture, including computers. Emily owns patents, trademarks that identify the products made under those patents, and stock in the company that sells those products. Personal property includes items owned by

Correct Answer
verified

Correct Answer
verified

In contemplation of death during risky surgery, Ben, a guitarist, gives his guitars to Cathy. The surgery is successful, and Ben does not die. The gift of the guitars is

Correct Answer
verified

Correct Answer
verified

Mallory's brother Nate gives her a leather working kit. She uses it to make a saddle. Her acquisition of the saddle is by

Correct Answer
verified