T eaching s uggestions 1 ask students whether they

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T EACHING  S UGGESTIONS 1. Ask students whether they have ever found valuable lost or abandoned property.   Did they attempt to locate the owner or notify the police?  Did they keep the property for themselves? 2. Ask students to discuss any bailment situations about which they have personal knowledge in which one or both parties breached its duties under the bailment agreement.    How was the matter resolved? What damages were paid to the injured party to resolve the dispute? 3. Ask students to discuss whether the  movement  toward  a single  standard of ordinary  care  for bailments is sensible in view of the fact that there are three types of bailment agreements.   Will such a standard actually protect the interests of persons involved in bailments that benefit either the bailor or bailee exclusively? 4. Starting with the often stated notions “possession in nine-tenths of the law” and “finders keepers,
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172           INSTRUCTOR’S MANUAL TO ACCOMPANY  BUSINESS LAW , ELEVENTH EDITION losers weepers,” ask students to consider the accuracy of these statements in light of the principles set out in this chapter. Cyberlaw Link How might the principles of personal property and bailments apply to software?  How might these principles apply in the context of cyberspace (to software downloaded over the Internet, for example)? D ISCUSSION  Q UESTIONS 1. What is the difference between tangible and intangible personal property?   Tangible personal property—such as a radio or a car—has physical substance while intangible personal property—such as stocks and bonds—has no real physical existence but instead represents some set of rights and duties. 2. What are the three requirements for an effective gift?   In order to create a valid gift, the donor must first in- tend to make a gift.  Second, the gift must be delivered (either physically or constructively) to the donee.  Third, the donee must accept the gift.  If any one of these three elements is missing, however, the gift will fail. 3. How may a gift be delivered to a donee when physical delivery is impossible due to the nature of the gift itself? Because some objects cannot be physically delivered, a symbolic or constructive delivery will be sufficient. Constructive delivery does not confer actual possession of the object in question but instead constitutes an act that is regarded as legally sufficient for showing that a gift has been made.   4. What is the difference between mislaid, lost and abandoned property?   Mislaid property is property that has been voluntarily placed somewhere by the owner and then inadvertently forgotten.  When mislaid property is
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