Question 1

An agreement in which a friend repairs your power drill without charging is a bailment for the:

Accepted Answer

A)   sole benefit of the bailee.
B)   sole benefit of the bailor.
C)   benefit of both the parties.
D)   benefit of bailee's heirs.E) A) and D)
F) None of the above

Question 2

A common carrier bailment results when a person arranges for:

Accepted Answer

A)   manufacturing of goods.
B)   shipment of goods.
C)   insurance of goods.
D)   advertising of goods.E) All of the above
F) A) and C)

Question 3

In bailment for work and services,a bailor-bailee relationship is concerned with the care of the property.

Accepted Answer

A) True 
 B)False

Question 4

Actual ownership of goods is necessary to create a bailment.

Accepted Answer

A) True 
 B)False

Question 5

Under common law,a hotelkeeper's liability for a property of guests was near absolute,but state statutes today limit a hotel's liability to that of a(n) :

Accepted Answer

A)   insolvent.
B)   ordinary bailee.
C)   mortgagee.
D)   lessee.E) A) and B)
F) A) and C)

Question 6

In a bailment for the sole benefit of a bailee,both the bailor and the bailee get the benefit.

Accepted Answer

A) True 
 B)False

Question 7

A guest whose stay is relatively uncertain is known as a:

Accepted Answer

A)   traveler.
B)   customer.
C)   transient.
D)   temporary.E) A) and B)
F) B) and D)

Question 8

Whenever one person turns over property to another with the understanding that certain work is to be performed on the property,a ___________ for work and services is created.

Accepted Answer

A)   hypothecation
B)   pledge
C)   bailment
D)   mortgageE) B) and C)
F) None of the above

Question 9

Anyone in possession of goods can create a bailment relationship and become a(n) :

Accepted Answer

A)   bailee.
B)   bailor.
C)   executor.
D)   administrator.E) C) and D)
F) B) and C)

Question 10

The law requires that a common carrier must accept all shipments that it is authorized to:

Accepted Answer

A)   purchase.
B)   handle.
C)   hypothecate.
D)   pledge.E) A) and B)
F) B) and C)

Question 11

In general,all of the following are requirements for a bailment,EXCEPT that the:

Accepted Answer

A)   bailor must be in possession of goods.
B)   bailee must intend to possess goods.
C)   bailee must return identical goods.
D)   actual ownership of goods is necessary.E) C) and D)
F) A) and C)

Question 12

The transfer of goods from a bailor to a________ must actually take place.

Accepted Answer

A)   landlord
B)   bailee
C)   lessee
D)   tenantE) A) and B)
F) A) and D)

Question 13

How is an agreement of bailment created?

Accepted Answer

A bailment is a special kind of contract...

Question 14

The bailor does not have the duty to warn the bailee of any defects in the property that could cause harm.

Accepted Answer

A) True 
 B)False

Question 15

A bailment is a special kind of contract that is widely used in business and in:

Accepted Answer

A)   personal affairs.
B)   cultural activities.
C)   academic research.
D)   charitable institutions.E) B) and D)
F) None of the above

Question 16

In all bailments,the bailee must return the identical goods.

Accepted Answer

A) True 
 B)False

Question 17

There are instances in which goods are thrust upon a bailee who does not have any choice about whether or not he or she wishes to serve as bailee.

Accepted Answer

A) True 
 B)False

Question 18

An individual or firm in the business of transporting goods between certain points as allowed by the various state commissions that regulate the carriers is known as a:

Accepted Answer

A)   business carrier.
B)   government carrier.
C)   public carrier.
D)   common carrier.E) None of the above
F) B) and D)

Question 19

The kind of bailment created when a friend inadvertently leaves behind an article of jewelry in your home during a visit is a(n) :

Accepted Answer

A)   adversarial bailment.
B)   declarative bailment.
C)   mutual-benefit bailment.
D)   constructive bailment.E) A) and B)
F) All of the above

Question 20

The person who retains ownership and transfers possession is the bailor and the person who receives the goods is the bailee.

Accepted Answer

A) True 
 B)False

Exam 25: Bailments

In general,all of the following are requirements for a bailment,EXCEPT that the:

Correct AnswerverifiedShow Answer

An individual or firm in the business of transporting goods between certain points as allowed by the various state commissions that regulate the carriers is known as a:

Correct AnswerverifiedShow Answer

The person who retains ownership and transfers possession is the bailor and the person who receives the goods is the bailee.

Correct AnswerverifiedShow Answer

Actual ownership of goods is necessary to create a bailment.

Correct AnswerverifiedShow Answer

A common carrier bailment results when a person arranges for:

Correct AnswerverifiedShow Answer

Whenever one person turns over property to another with the understanding that certain work is to be performed on the property,a ___________ for work and services is created.

Correct AnswerverifiedShow Answer

A bailment is a special kind of contract that is widely used in business and in:

Correct AnswerverifiedShow Answer

In all bailments,the bailee must return the identical goods.

Correct AnswerverifiedShow Answer

A guest whose stay is relatively uncertain is known as a:

Correct AnswerverifiedShow Answer

In a bailment for the sole benefit of a bailee,both the bailor and the bailee get the benefit.

Correct AnswerverifiedShow Answer

The bailor does not have the duty to warn the bailee of any defects in the property that could cause harm.

Correct AnswerverifiedShow Answer

An agreement in which a friend repairs your power drill without charging is a bailment for the:

Correct AnswerverifiedShow Answer

Anyone in possession of goods can create a bailment relationship and become a(n) :

Correct AnswerverifiedShow Answer

In bailment for work and services,a bailor-bailee relationship is concerned with the care of the property.

Correct AnswerverifiedShow Answer

The kind of bailment created when a friend inadvertently leaves behind an article of jewelry in your home during a visit is a(n) :

Correct AnswerverifiedShow Answer

The law requires that a common carrier must accept all shipments that it is authorized to:

Correct AnswerverifiedShow Answer

How is an agreement of bailment created?

Correct AnswerverifiedA bailment is a special kind of contract...View AnswerShow Answer

Under common law,a hotelkeeper's liability for a property of guests was near absolute,but state statutes today limit a hotel's liability to that of a(n) :

Correct AnswerverifiedShow Answer

There are instances in which goods are thrust upon a bailee who does not have any choice about whether or not he or she wishes to serve as bailee.

Correct AnswerverifiedShow Answer

The transfer of goods from a bailor to a________ must actually take place.

Correct AnswerverifiedShow Answer

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A bailment is a special kind of contract...
View Answer

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