Business Law Chapter 17 Test Question Preview (ID: 45298)
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Temporary possession and control of goods is the focus of the bailment relationship.
a) True
b) False
c)
d)
The subject of the bailment must be real property.
a) False
b) True
c)
d)
Actual bailments and constructive bailments are two ways to transfer possession and control of goods.
a) True
b) False
c)
d)
Both bailor and bailee must intend that the goods be returned.
a) True
b) False
c)
d)
When there is no difference between one unit of the goods and another, the goods are said to be fungible.
a) True
b) False
c)
d)
A bailee entitled to payment may exercise the bailee’s lien.
a) True
b) False
c)
d)
Elements of bailment do not include
a) real property
b) personal property
c) possession and control of the goods by the bailee
d) return of identical or fungible goods
The nature of the bailee’s duty of care may be modified by
a) any of these
b) contract
c) disclaimer
d) legislation
I hire a rental pod company to hold onto my materials, who is the bailor in this situation?
a) Me
b) Pod Company
c) Both of Us
d)
A symbol of possession given to enact a bailment is called a ________ bailment.
a) Constructive
b) Actual
c) Integral
d) Intangible
Temporary control gained by a bailee is called.
a) custody
b) retroactive control
c) involuntary stoppage
d)
Which of the following bailments would be fungible?
a) Filling a Propane Tank
b) First-Edition Comic Book
c) Having a ice house insulated
d) Having Wedding Rings Cleaned
Driving your car into a paid parking ramp has a bailment control-factor of:
a) The Keys
b) The Car
c) The Ramp
d) The Ramp's Owner
Regardless of the bailment, all bailors must disclose:
a) Product's Defects
b) Product's Value
c) Product's Past Owners
d) Product's Manufacture Location
The FDA lowering the acceptable level of radon gases in livable spaces would modify a bailment by:
a) Legisation
b) Contract
c) Disclaimer
d) Liens
To ensure repayment, bailees can enforce:
a) Liens against goods
b) Shipment of items across state lines
c) Destruction of property
d) Selling of goods
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