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Introduction to Business Law Study Set 2
Quiz 29: Personal Property and Bailment
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Question 1
Multiple Choice
George gave his great-grandfather's pocket watch to Nurse Nadene because he expected to die soon. This is a(n)
Question 2
Multiple Choice
While driving down his street one evening, Jonah notices that his neighbor has laid out an electric fan for the garbage to pick up the next morning. Jonah stops and has a look at the fan; it seems to be perfectly fine, so he takes it home with him. The fan would most likely be considered
Question 3
True/False
Dersett Trucking hauls granite for the major granite companies in Minnesota. Dersett Trucking does not make its trucking services available to the general public. Dersett Trucking is a contract carrier and does not incur strict liability.
Question 4
True/False
A bailment was created for the parties' mutual benefit. This means that the bailee must use ordinary care with the property.
Question 5
True/False
Charles agrees to store Tuan's car in Charles's garage for the winter months while Tuan visits his grandmother in California. As a bailee, Charles is automatically entitled to use Tuan's car while Tuan is away.
Question 6
Multiple Choice
Alexander loans Miko his baking dish so she can make lasagna for dinner tonight for her family. What kind of bailment is this?
Question 7
Multiple Choice
Buck, fearing death from severe injuries suffered in a machinery accident, assigned over a certificate of deposit worth $100,000 and delivered the certificate to Pearl, a friend, who gladly accepts. Buck ends up recovering from the injuries. Why must Pearl give the certificate of deposit back to Buck?
Question 8
Multiple Choice
In which of the following scenarios has a gift been made?
Question 9
True/False
Stephen wants to give his niece, Dawn, a piece of jewelry as a gift. Stephen gives Tracy, his agent, the bracelet to take to Dawn. The delivery element of making a gift has been completed.
Question 10
True/False
In January, Erwin told David, his nephew, that he would give him a car when he graduates from college. David graduated in May. If Erwin refuses to give David a car, David can sue him for breach of an inter vivos gift.