Chapter 20-2 Bailments
Flashcard
•
Business
•
University
•
Hard
Josh Josh
FREE Resource
Student preview

33 questions
Show all answers
1.
FLASHCARD QUESTION
Front
What is bailment?
Back
Bailment is the temporary transfer of possession of personal property from one person (bailor) to another (bailee) for a specific purpose. Ownership remains with the bailor.
2.
FLASHCARD QUESTION
Front
Who retains ownership in a bailment?
Back
The bailor retains ownership in a bailment.
3.
FLASHCARD QUESTION
Front
What rights does a bailee have in a bailment?
Back
Right to Posession
Right to Use
Right to Compensation
Right to legally protect any interference with possession
4.
FLASHCARD QUESTION
Front
What are the elements of bailment?
Back
Delivery of possession of personal property to the bailee.
Acceptance of possession by the bailee.
An agreement that the property will be returned to the bailor when the purpose is accomplished.
5.
FLASHCARD QUESTION
Front
What is constructive bailment?
Back
Constructive bailment occurs when a misplaced item is found, creating a bailment between the finder and the owner, which is then transferred to the owner of the establishment.
6.
FLASHCARD QUESTION
Front
What is constructive acceptance in bailment?
Back
Constructive acceptance means that what you would normally expect to be in a container that is bailed would also be reasonably bailed.
7.
FLASHCARD QUESTION
Front
What distinguishes renting space from bailment?
Back
Renting space, such as a storage unit, is not a bailment because there is no transfer of possession and control to the owner of the facility.
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple
Others
Already have an account?
Similar Resources on Wayground
14 questions
History of Periodic Table of Elements
Flashcard
•
8th - 11th Grade
15 questions
Checkpoint 3
Flashcard
•
8th Grade - University
15 questions
Practice 3 FFA Basics
Flashcard
•
9th - 12th Grade
16 questions
MODALS IN THE PAST
Flashcard
•
9th - 12th Grade
12 questions
DNA Replication and Protein Synthesis
Flashcard
•
9th - 12th Grade
10 questions
Marketing Mix - Place and Distribution
Flashcard
•
10th Grade - University
18 questions
Photography Exam review
Flashcard
•
9th - 12th Grade
Popular Resources on Wayground
15 questions
Fractions on a Number Line
Quiz
•
3rd Grade
20 questions
Equivalent Fractions
Quiz
•
3rd Grade
25 questions
Multiplication Facts
Quiz
•
5th Grade
22 questions
fractions
Quiz
•
3rd Grade
20 questions
Main Idea and Details
Quiz
•
5th Grade
20 questions
Context Clues
Quiz
•
6th Grade
15 questions
Equivalent Fractions
Quiz
•
4th Grade
20 questions
Figurative Language Review
Quiz
•
6th Grade
Discover more resources for Business
12 questions
IREAD Week 4 - Review
Quiz
•
3rd Grade - University
23 questions
Subject Verb Agreement
Quiz
•
9th Grade - University
7 questions
Force and Motion
Interactive video
•
4th Grade - University
7 questions
Renewable and Nonrenewable Resources
Interactive video
•
4th Grade - University
5 questions
Poetry Interpretation
Interactive video
•
4th Grade - University
19 questions
Black History Month Trivia
Quiz
•
6th Grade - Professio...
15 questions
Review1
Quiz
•
University
15 questions
Pre1
Quiz
•
University