BUS 3055 – ASSIGNMENT 1DUE October 16 AT END OF CLASSNAME: 1.__________ property means land and things embedded in the land.a.Realb.Personalc.Intangibled.TangibleANS: _______2.To establish a gift, the party claiming to be the donee must prove:a.delivery only.b.intent only.c.intent and a promise to deliver.d.intent and delivery.ANS: _______3.A gift causa mortis is revoked if:a.the donor does not die.b.the donor revokes the gift before dyingc.the donee dies before the donor.d.all of the above.ANS: _______4.A bailee’s __________ gives the bailee the right to maintain possession of the bailed property until reasonable storage and/or repair charges are paid.a.reversionary interestb.Lienc.remainder interestd.MortgageANS: _______5.A warehouser that holds itself out to serve the public generally without discrimination is called a(n):
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6.The rights of a holder of a warehouse receipt depend on whether the receipt is:7.A bill of lading that consigns the goods "to bearer" is called a:8.A common carrier transporting goods under a COD shipment may:a.make delivery without first obtaining payment.b.not make delivery without first receiving payment.c.accept a check as payment and have no liability.d.not avoid liability without a signed release.ANS: _______9.When consigned goods are sold by a factor:10.The legal definition of a guest of a hotel requires that the person:11.Article 2 of the Uniform Commercial Code applies to the sale of:
12.A transfer of possession, but not title, is called:a.a bailment.b.an option to purchase.c.a giftd.all of the above.ANS: _______
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