Question 1

A bailee in a bailment for work and services is entitled to hold and, if necessary, sell the property if the bailor does not pay for the services or work done. This provision of law is known as a(n) :

Accepted Answer

A)   bailee's lien.
B)   equitable lien.
C)   consignor's lien
D)   bailor's lien.E) C) and D)
F) B) and D)

Question 2

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)   promise
B)   pledge
C)   bailment
D)   mortgageE) A) and D)
F) C) and D)

Question 3

Explain mutual-benefit bailments.

Accepted Answer

A mutual-benefit bailment is one in whic...

Question 4

List the four different kinds of bailments.

Accepted Answer

The law concerning bailments provides for certain rights and duties of both bailor and bailee, depending on the kind of bailment. Bailments are classified into the four following categories:
(i) Bailments for the sole benefit of the bailee.
(ii) Bailments for the sole benefit of the bailor.
(iii) Mutual-benefit bailments.
(iv) Constructive bailments.

Question 5

A bailment is created when the parking lot attendant actually takes control of the vehicle.

Accepted Answer

A) True 
 B)False  True

Question 6

An agreement in which a man borrows his friend's tuxedo 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) B) and C)
F) A) and D)

Question 7

How is an agreement of bailment created?

Accepted Answer

A bailment is a special kind of contract...

Question 8

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 9

An agreement in which a suitcase is left with a railroad station checkroom is a:

Accepted Answer

A)   bailment for the sole benefit of the bailee.
B)   bailment for the sole benefit of the bailor.
C)   mutual-benefit bailment.
D)   constructive bailment.E) A) and D)
F) A) and C)

Question 10

To create a bailment, the bailee must ______ to possess goods.

Accepted Answer

A)   intend
B)   ask
C)   have ownership
D)   desireE) All of the above
F) B) and C)

Question 11

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

Accepted Answer

A)   traveler.
B)   customer.
C)   transient.
D)   trespasserE) B) and C)
F) A) and C)

Question 12

Withholding payment for transportation charges enables a carrier to hold goods on the basis of a(n) :

Accepted Answer

A)   carrier's lien.
B)   warehouser's lien.
C)   proprietor's lien.
D)   equitable lien.E) None of the above
F) All of the above

Question 13

Both individuals and businesses sometimes need to place articles in storage and they, thereby, enter into a bailment known as a:

Accepted Answer

A)   constructive bailment.
B)   common-carrier bailment.
C)   bailment for storage.
D)   parking-lot bailment.E) None of the above
F) A) and D)

Question 14

A bailee's lien is a claim against the property of another as security for a debt.

Accepted Answer

A) True 
 B)False

Question 15

A bailment for the sole benefit of a bailee usually results in a(n) :

Accepted Answer

A)   borrowing/lending transaction.
B)   spring transaction.
C)   declarative transaction.
D)   autonomous transaction.E) B) and D)
F) A) and B)

Question 16

A carrier, in most cases, has a right to hold a shipment until payment is made.

Accepted Answer

A) True 
 B)False  True

Question 17

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) B) and C)
F) None of the above

Question 18

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 C)
F) All of the above

Question 19

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) B) and C)
F) None of the above

Question 20

The law concerning bailments provides for certain rights and duties of both bailor and bailee, depending on the:

Accepted Answer

A)   amount of the transactions.
B)   nature of the business.
C)   kind of bailment.
D)   financial positions of the parties.E) None of the above
F) B) and C)

Exam 25: Bailments

A bailee in a bailment for work and services is entitled to hold and, if necessary, sell the property if the bailor does not pay for the services or work done. This provision of law is known as a(n) :

Correct Answer
verified

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 Answer
verified

Explain mutual-benefit bailments.

Correct Answer
verified
A mutual-benefit bailment is one in whic...
View Answer

List the four different kinds of bailments.

A bailment is created when the parking lot attendant actually takes control of the vehicle.

Correct Answer
verified
True

An agreement in which a man borrows his friend's tuxedo is a bailment for the:

Correct Answer
verified

How is an agreement of bailment created?

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

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

Correct Answer
verified

An agreement in which a suitcase is left with a railroad station checkroom is a:

Correct Answer
verified

To create a bailment, the bailee must ______ to possess goods.

Correct Answer
verified

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

Correct Answer
verified

Withholding payment for transportation charges enables a carrier to hold goods on the basis of a(n) :

Correct Answer
verified

Both individuals and businesses sometimes need to place articles in storage and they, thereby, enter into a bailment known as a:

Correct Answer
verified

A bailee's lien is a claim against the property of another as security for a debt.

Correct Answer
verified

A bailment for the sole benefit of a bailee usually results in a(n) :

Correct Answer
verified

A carrier, in most cases, has a right to hold a shipment until payment is made.

Correct Answer
verified
True

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 Answer
verified

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 Answer
verified

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

Correct Answer
verified

The law concerning bailments provides for certain rights and duties of both bailor and bailee, depending on the:

Correct Answer
verified

Exam 25: Bailments

A bailee in a bailment for work and services is entitled to hold and, if necessary, sell the property if the bailor does not pay for the services or work done. This provision of law is known as a(n) :

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

Explain mutual-benefit bailments.

Correct AnswerverifiedA mutual-benefit bailment is one in whic...View AnswerShow Answer

List the four different kinds of bailments.

A bailment is created when the parking lot attendant actually takes control of the vehicle.

Correct AnswerverifiedTrue

An agreement in which a man borrows his friend's tuxedo is a bailment for the:

Correct AnswerverifiedShow Answer

How is an agreement of bailment created?

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

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

Correct AnswerverifiedShow Answer

An agreement in which a suitcase is left with a railroad station checkroom is a:

Correct AnswerverifiedShow Answer

To create a bailment, the bailee must ______ to possess goods.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Withholding payment for transportation charges enables a carrier to hold goods on the basis of a(n) :

Correct AnswerverifiedShow Answer

Both individuals and businesses sometimes need to place articles in storage and they, thereby, enter into a bailment known as a:

Correct AnswerverifiedShow Answer

A bailee's lien is a claim against the property of another as security for a debt.

Correct AnswerverifiedShow Answer

A bailment for the sole benefit of a bailee usually results in a(n) :

Correct AnswerverifiedShow Answer

A carrier, in most cases, has a right to hold a shipment until payment is made.

Correct AnswerverifiedTrue

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 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

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

Correct AnswerverifiedShow Answer

The law concerning bailments provides for certain rights and duties of both bailor and bailee, depending on the:

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
A mutual-benefit bailment is one in whic...
View Answer

Correct Answer
verified
True

Correct Answer
verified

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

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
True

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
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