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Exam 41: Personal Property and Bailments

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Question 31

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A transfer of personal property without an agreement for its return or disposal is not a bailment.

A) True
B) False

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Question 32

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In a bailment for the sole benefit of the bailee, the bailee will be liable for even the slightest negligence in caring for the bailed property.

A) True
B) False

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Question 33

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Many bailments do not include all of the elements of a contract.

In many states, hotel operators are not liable for any loss or damage to their guests' personal property, provided this limit is brought to the guests' attention.

A bailee has no right to limit his or her liability for loss or damage to the bailed goods because it would contravene public policy.

Ada owns Blueberry Farm. Ada's only daughter Cherry owns the adjacent Delicious Apple Orchard. Ada makes a gift of the farm to Evert, a short-term employee who Ada does not know well. This gift may lack the required element of

Establishing ownership rights is more complicated for personal property than for real property.

Either physical or constructive delivery can result in the bailee's exclusive possession and control over bailed property.

A bailee has a right to the reimbursement of costs incurred in keeping the bailed property, even in a gratuitous bailment.

Earl buys a fishing license and goes fishing. He catches a trout, cleans it, cooks it, and eats it. Earl's acquisition of the trout is by

Digital goods, including virtual goods, are personal property with real value.

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

Failure to give up possession at the time the bailment ends could result in an action for conversion or negligence.

To become a bailment, a delivery of property from one person to another must

Accession occurs when someone acquires title to a valuable piece of personal property by assuming a position of power.

Slim owns cattle, a pick-up truck, and stock in Range Corporation, which owns and operates the Big R Ranch. Capable of being involved in a bailment is

After shopping at a Cut-Price store, Dyan finds a fitness watch in her bag of purchases that she knows she did not pay for. If Dyan fails to return the watch to the store or to pay for it, she will have committed

Mary goes hunting during elk season. While trespassing on Nate's rural land, she shoots an elk. This elk is the property of

One of the elements of a bailment is

The concept of personal property can expand to take into account new types of ownership rights and interests.