WorksheetsPersonal Property - Chapter 8 (BUSLAW)
Total questions: 28
Worksheet time: 14mins
When goods are sold on approval, they become the property of the buyer as soon as the seller approves.
True
False
Items attached to a house, such as kitchen cabinets and fixtures, are considered real property.
True
False
A registered trademark continues for 20 years, and it may be renewed for additional 20-year periods.
True
False
If two people own property as joint tenants, each owner's share passes to his or her heirs upon death, not to the surviving joint tenant
True
False
Most property is acquired by purchase, gift, or inheritance.
True
False
Misplaced property must be returned to the owner if the owner can be found.
True
False
it is important to distinguish between real property and personal property because the laws that apply to each could be different.
True
False
When you take your clothes to the consignment shop to be sold, you are trusting that the goods will be sold by the shop and you will receive the proceeds, minus a fee.
True
False
A bailee is always liable for any damages to goods in his or her possession.
True
False
Patents, copyrights, and trademarks refer to:
tangible personal property
intangible personal property
bailments
intellectual property
When the bailor lends goods without charge, he or she creates a:
bailment by necessity
gratuitous bailment
mutual-benefit bailment
pledge
If you have in your possession something that belongs to someone else, you are a:
donee
bailee
donor
bailor
The person making a gift is a:
bailor
donor
giftor
donee
Common carriers are liable for damages to the goods they ship as a result of:
the inherent nature of the goods
driver accident
an act of God
the shipper
If you find abandoned property, you:
have the legal duty to try and find the owner
must advertise in the local paper for the owner
may keep it
must leave it where you found it
Community property is property that:
has been abandoned and is available for purchase through auction
is received as a gift by two or more recipients
belongs to both spouses
belongs to the local neighborhood and is used as a park or playground
In a bailment, there is no:
intent to provide any standard of care by the bailee or bailor
intent to pass title to the property
obligation to return the property to the bailor
obligation for the bailee to care for the property
Which of the following is NOT considered personal property?
a house
CD players
trademarks
ceiling fans
Property that cannot be touched such ad debts or patents
intangible personal property
tangible personal property
personal property
intellectual property
The transfer of a possession and control of personal property to someone else, with the intent to return it at a later time
bailment
special bailment
gratuitous bailment
all of the above
A bailment for the sole benefit of the bailee
special bailment
gratuitous bailment
mutual-benefit bailment
bailment
Occurs when you leave your car at a garage to be repaired; when it is fixed, the mechanic receives payment for the service
mutual-benefit bailment
special bailment
gratuitous bailment
bailment
Anything that can be owned, other than real estate
personal property
intangible personal property
intellectual property
patent
A right granted to an author, composer, photographer, or artist to exclusively publish and sell an artistic or literary work
copyright
trademark
patent
intellectual property
A grant giving an inventor the exclusive right to sell the invention for a period of time.
patent
trademark
copyright
intellectual property
Bailment for the sole benefit of the bailor
gratuitous bailment
special bailment
mutual-benefit bailment
bailment
A distinctive symbol or slogan used by a business to identify and distinguish its goods from products sold by others
trademark
copyright
patent
intellectual property
Inventions, works of art, software, and logos
intellectual property
personal property
intangible personal property
tangible personal property
