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A bailment is a relationship in which the bailor transfers ____________ to the bailee.
Correct While a gift transfers title to personal property, a bailment is the transfer of possession of the property. Therefore A is the correct answer.
Incorrect! While a gift transfers title to personal property, a bailment is the transfer of possession of the property. Therefore A is the correct answer.
Correct
Incorrect!
Correct
Incorrect!
Correct
Incorrect!
Question 2
Mike rents a car from Avis for 2 days for the price of $100. Mike gets into a car accident. Will he be liable for the damage to the car?
Correct
Incorrect!
Correct
Incorrect!
Correct Mike is a bailee for hire because the rental arrangement benefits both parties. In such a case, the bailee will be liable if the bailment gets damaged through his or her ordinary negligence. Therefore C is the correct answer.
Incorrect! Mike is a bailee for hire because the rental arrangement benefits both parties. In such a case, the bailee will be liable if the bailment gets damaged through his or her ordinary negligence. Therefore C is the correct answer.
Correct
Incorrect!
Question 3
Wilma is staying at the Midtown Hilton hotel. She gives her pocketbook to the concierge, who agrees to store it in a safe for her. However, the concierge is negligent and forgets to lock the safe. Wilma's pocket book is stolen. It turns out that there was a diamond ring in the purse worth $5,000. Is the hotel liable for the value of the ring?
Correct
Incorrect!
Correct
Incorrect!
Correct
Incorrect!
Correct A bailee is liable for anything within a bailment that he or she was aware of or had a reason to be aware of. Here, it is reasonable to assume that there are valuable contents in a purse that a patron gives to a hotel to watch over. Therefore, the hotel is liable for the ring and D is the correct answer.
Incorrect! A bailee is liable for anything within a bailment that he or she was aware of or had a reason to be aware of. Here, it is reasonable to assume that there are valuable contents in a purse that a patron gives to a hotel to watch over. Therefore, the hotel is liable for the ring and D is the correct answer.
Question 4
A difference between a bailment and an inter-vivos gift is that...
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Incorrect!
Correct
Incorrect!
Correct
Incorrect!
Correct Choice A is true of both a gift and a bailment. Choice B is incorrect because a bailment requires intent to deliver possession, not title. Choice C is true of both gifts and bailments. Choice D is correct because acceptance of a gift is presumed as long as it benefits the donee, while acceptance of a bailment is not presumed.
Incorrect! Choice A is true of both a gift and a bailment. Choice B is incorrect because a bailment requires intent to deliver possession, not title. Choice C is true of both gifts and bailments. Choice D is correct because acceptance of a gift is presumed as long as it benefits the donee, while acceptance of a bailment is not presumed.