Chap015 - Chapter 015 : Transfer of Title Chapter 015 :...

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Chapter 015 : Transfer of Title Chapter 015 : Transfer of Title Student: ___________________________________________________________________________ 1. Title is a tangible property. BT: Knowledge PO: 1 True False 2. Personal property includes real property such as land and all property attached to it. BT: Comprehension PO: 2 True False 3. An order bill of lading is not negotiable. BT: Knowledge PO: 3 True False 4. A negotiable warehouse receipt, like the negotiable order bill of lading, requires that the original copy be presented to the warehouser before the goods will be surrendered to someone claiming them. BT: Comprehension PO: 3 True False 5. Title passes when the parties intend it to pass. BT: Knowledge PO: 4 True False
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6. The two types of conditions found in contracts for conditional sales are conditions precedent and conditions subsequent. BT: Knowledge PO: 5 True False 7. When a person possesses an item, ownership is presumed, but it is possible to have possession of goods without having title, just as it is possible to have title without having possession. BT: Analysis PO: 6 True False 8. A circumstance in which title to goods may be passed by a non-owner who does not have title to the goods is known as pass by estoppel. BT: Knowledge PO: 7 True False 9. For title to pass by estoppel, the purchaser need not prove that the purchase was made from one in rightful possession. BT: Analysis PO: 7 True False 10. When the owner of goods entrusts property to a person who sells the same type of goods and that person sells the property to an innocent third party, the owner cannot be estopped from recovering the goods from the third party. BT: Analysis PO: 7 True False 11. If the owner of goods entrusts proof of ownership to someone in possession of the goods, the goods cannot be recovered by the true owner from an innocent purchaser. BT: Knowledge PO: 7 True False
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BT: Knowledge PO: 8 True False 13. A salesperson need not have the express or implied permission of the titleholder of the merchandise to sell it. BT: Knowledge PO: 8 True False 14. Situations of wrongful possession occur when property, such as stolen goods, is transferred without the permission of the owner. BT: Knowledge PO: 8 True False 15. Goods sold by weight or measure are known as tangible goods. BT: Knowledge PO: 9 True False 16. Legal disputes often involve the determination of who holds the title when a(n): A. loss occurs. B. contract commences. C. performance initiates. D. illegal activity occurs. 17. The concept of title was crucial in making determinations of the rights and responsibilities of the parties to a contract, prior to the adoption of: A. Federal Trade Law. B. Uniform Commercial Code.
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This note was uploaded on 09/25/2011 for the course GENB 4350 taught by Professor Louis during the Spring '11 term at Houston Baptist.

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Chap015 - Chapter 015 : Transfer of Title Chapter 015 :...

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