Ch47-TB1-WBL-10O¦êv-F to Eric

Ch47-TB1-WBL-10O¦Ã&ordf...

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Chapter 47 Personal Property and Bailments N.B.:   TYPE  indicates that a question is new, modified, or unchanged, as  follows. N A question  new  to this edition of the Test Bank. + A question  modified  from the previous edition of the Test Bank, = A question  included  in the previous edition of the Test Bank. TRUE/FALSE QUESTIONS 1. Tangible  personal property has physical substance. ANSWER: T PAGE: 940 TYPE: N 2. An unlimited number of persons can hold property as tenants in common. ANSWER: T PAGE: 941 TYPE: + 3. Only two persons can hold property as joints tenants. ANSWER: F PAGE: 943 TYPE: + 4. Ownership by one person in fee simple is a tenancy by the entirety. ANSWER: F PAGE: 944 TYPE: = 5. Nearly all states now allow property to be owned as community property. ANSWER: F PAGE: 945 TYPE: = 219
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220 TEST BANK 1—UNIT TEN: PROPERTY 6. Property acquired by gift during a marriage is community property. ANSWER: F PAGE: 945 TYPE: N
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CHAPTER 47: PERSONAL PROPERTY AND BAILMENTS 221 7. The donee must give consideration for a gift to be effective. ANSWER: F PAGE: 946 TYPE: = 8. A promise to deliver a gift is constructive delivery. ANSWER: F PAGE: 946 TYPE: = 9. Delivery of intangible personal property must be done by symbolic delivery. ANSWER: T PAGE: 946 TYPE: N 10. A gift  inter vivos  can never be revoked. ANSWER: F PAGE: 947 TYPE: N 11. A gift to a dying donee is a gift  causa mortis. ANSWER: F PAGE: 947 TYPE: = 12. Property voluntarily placed by its owner and inadvertently forgotten is  mislaid  property. ANSWER: T PAGE: 948 TYPE: = 13. A finder acquires title to   lost   property good against the whole world, in- cluding the original owner. ANSWER: F PAGE: 949 TYPE: + 14. Property voluntarily placed by its owner with no intention of reclaiming it  is  abandoned  property. ANSWER: T PAGE: 950 TYPE: = 15. For an effective bailment, the bailor must retain possession of the bailed  property. ANSWER: F PAGE: 951 TYPE: N 16. For an effective bailment, the bailor must retain control, but not necessarily  possession, of the bailed property.
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222 TEST BANK 1—UNIT TEN: PROPERTY ANSWER: F PAGE: 951 TYPE: N 17. Constructive   delivery   does   not   satisfy   the   delivery   requirement   for   an  effective bailment. ANSWER: F PAGE: 951 TYPE: N 18. If a bailee fails to return bailed property to a bailor, the bailee may be liable  for breach of contract. ANSWER: T PAGE: 954 TYPE: = 19. In most bailments, the bailor must notify the bailee of hidden defects of  which the bailor knows or could have discovered with reasonable diligence.
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Ch47-TB1-WBL-10O¦Ã&ordf...

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