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Chapter 16 review

Chapter 16 review. By Ed Ryan. Page Directory. 3. 12. 21. 4 . 13. 22. 5 . 14. 6 . 15. 7 . 16. 8 . 17. 9 . 18. 10 . 19. 11 . 20. 3. what are the two ways for the possession and control of goods to change?. Consignment, custody Actual Bailments ,Constructive Bailments

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Chapter 16 review

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  1. Chapter 16 review By Ed Ryan

  2. Page Directory 3.12.21. 4.13.22. 5.14. 6.15. 7.16. 8.17. 9.18. 10.19. 11. 20.

  3. 3. what are the two ways for the possession and control of goods to change? • Consignment, custody • Actual Bailments ,Constructive Bailments • Custody, Actual Bailments • Consignment, Actual Bailments

  4. 4. Which is a service provided by a common carrier? • Bailments for hire • Bailments for services • Bailments for transport

  5. 5. Under which would be a tool rental service? • Bailments for hire • Bailments for services • Bailments for transport

  6. 6. Common Carriers must exercise what kind of care towards items in there care for transport? • Extraordinary • Ordinary • Minimal • Gratuitous

  7. 7. True or False: A friend borrowing a game from you is a good example of a bailment for the sole benefit of the Bailor? • True • False

  8. 8. It is possible for a person to have temporary control of another's property yet not have a bailment. • True • False

  9. 9. A ________ may charge demurrage • Recipient of the shipped goods • Manufacturer of the shipped goods • Common carrier • All of the above

  10. 10. A gratuitous bailment does not arise from a contract. • True • False

  11. 11. A gratuitous bailment for the sole benefit of the bailee does not require a duty of care that is extraordinary. • True • False

  12. 12. If you rent a locker and put personal items inside, and keep they key to the locker. Has a bailment been created? • True • False

  13. 13. In a Bailment. The party that accepts possession and control of the property is the_______ • Bailor • Bailee

  14. 14. The Fees a Common Carrier receives for use of its vehicle in the event that it is loaded or unloaded on the agreed time is called. • Incidental Charges • Demurrages • A Carriers lien

  15. 15. The level of care that must be held over a bailed item is determined by • The value of the bailed property • Whether a Bailor is a merchant or not • The type of bailment • The parties involved

  16. 16. Which of these can end a bailment? • Death • Bankruptcy • Insanity • All of the above

  17. 17. This occurs when a person has temporary control of another's property, without a bailment. • Consignment • Custody • Carrier’s lien • Holding

  18. 18. _____ Is a sign, label ,or warning reducing the Bailee’s duty of care. • Notice • Signal • Warning sign • Disclaimer

  19. 19. A person hired to guard a piece in a museum has______ over the property • Possession • Bailment • Ownership • None of the Above • All of the Above

  20. 20. In a consignment, the retailer is a bailee • True • False

  21. 21. Duty of care when the bailment is involuntary • Minimal • Average • Extraordinary

  22. 22. Bailment in which one party receives no benefit • Mutual benefit bailment • Gratuitous bailment • Constructive bailment • Actual bailment

  23. Correct!

  24. INCORRECT!

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