Business Law - Chapter 20

Temporary possession and control of goods is the focus of the bailment relationship.

• True
• False

The subject of the bailment must be real property.

• True
• False

Actual bailments and constructive bailments are two ways to transfer possession and control of goods.

• True
• False

Both bailor and bailee must intend that the goods be returned.

• True
• False

The bailee must return the goods to the bailor and no one else.

• True
• False

When there is no difference between one unit of the goods and another, the goods are said to be fungible.

• True
• False

A gratuitous bailment for the sole benefit of the bailee requires a duty of care that is extraordinary.

• True
• False

Minimal care means that the bailee will be liable if negligent in some way.

• True
• False

Courts often find disclaimers not enforceable.

• True
• False

A bailee entitled to payment may exercise the bailee's lien in mutual-benefit bailments.

• True
• False