BL Chapter 16 Review

A gift may be taken back by the donor if it has not been delivered.

• True

• False

A unique word, mark or symbol that identifies a service is called a servicemark.

• True

• False

All property can be touched or felt.

• True

• False

Co-ownership means two or more people have rights to the property.

• True

• False

If misplaced property is found on a restaurant table or chair, the finder may take the article home.

• True

• False

If several people own one piece of property, the property is held in severalty.

• True

• False

If someone owes you money, the right to receive the money is intangible personal property.

• True

• False

Property can be tangible or intangible.

• True

• False

Real property includes items that are permanently attached to the land such as an in the ground swimming pool.

• True

• False

The finder of a Rolex watch that was found on the street has a right to keep the watch if no one claims it after 60 days.

• True

• False