MT211_Unit9_Review

MT211_Unit9_Review - Your Answer: the sole benefit of the...

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1. Question: Persons who share property ownership rights simultaneously are concurrent owners. Your Answer: True CORREC T 2. Question: Property acquired by gift during a marriage is community property. Your Answer: False CORREC T 3. Question: A promise to deliver a gift constitutes constructive delivery. Your Answer: False CORREC T 4. Question: Inadvertently, Britney leaves her briefcase at Clean 'n Dry Launderers when she stops to pick up her clothes. The briefcase is Your Answer: mislaid property. CORREC T 5. Question: Jennifer finds a set of luggage that she believes may be subject to an estray statute. Estray statutes apply to Your Answer: lost property. CORRECT ANSWER 6. Question: Mona asks Ned if she can store her furniture in his garage while she serves a tour of duty abroad with the U.S. Marines. Ned agrees. This is a bailment for Your Answer: the sole benefit of the bailor. CORRECT ANSWER 7. Question: Jill loans her laptop computer to Kyle. This is a bailment for
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Unformatted text preview: Your Answer: the sole benefit of the bailee. CORRECT ANSWER 8. Question: Quint rents a riding lawnmower from Rent-All, Inc. While the mower is in Quint's possession, Simon vandalizes and damages it. Liability for the damage most likely rests with Your Answer: Quint only. CORREC T 9. Question: Beta Company arranges to have Carrier Corporation transport five hundred DVD players from New York to California. Dan is Carrier's driver. Beta will suffer the loss if Carrier fails to deliver the players on time because Your Answer: authorities are stopping and searching all trucks entering California. CORRECT ANSWER 10. Question: Business Company stores office furniture with Complete Storage, Inc., under a contract that limits the warehouser's liability for lost or damaged property to $500. The furniture is stolen. The loss is most likely suffered by Your Answer: Business Company only. CORRECT ANSWER...
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MT211_Unit9_Review - Your Answer: the sole benefit of the...

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