Only ________ Property Can Be Bailed
Only ________ property can be bailed. A) personal B) real C) intellectual D) intangible E) inherited
Which of the following is true regarding bailment agreements? A) The creation of all bailments requires a writing. B) A bailment may be express, but not implied. C) A bailment may be implied, but not express. D) An example of an implied bailment is the finding and safeguarding of lost property. E) The creation of all bailments requires that exact formalities be observed.
What is the importance of the classification of bailments based on who benefits from the bailment? A) Such classification determines if compensation must be paid. B) Such classification determines the degree of care that the bailee owes in terms of care for the property. C) Such classification determines if the bailee is obligated to return the bailed property. D) Such classification determines who must provide insurance for the bailed property. E) Such classification determines under what circumstances the bailee is strictly liable for the property.