Business Law 17-1

Test Description: Good Luck!

Instructions: Answer all questions to get your test result.

1) A bailment is the transfer or possessions and ____ of personal property subject to an agreement to return the property.

2) The party who gives up possession of property is the _____.

3) ____ occurs when a person has temporary control of another's property, but no baillment is present.

4) Bailees receive and accept the goods themselves in a(n) ____ bailment

5) If there is a contractual bailment for a ____ period, death or incapacity of either party does not end the bailment.

6) A(n) ____ is the transfer of possession without the transfer of ownership.

7) Bailees receive and accept a symbol of the personal property in a(n) _____ bailment.

8) _____ means there is no difference between one unit of goods and another.

9) The party who accepts possession and control of property is the ______.

10) ____ property cannot be bailed.


*select an answer for all questions

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