Michael O’Connor Mrs. Cole 3-1-12 Business law class Chapter 16 review Michael O’Connor Mrs. Cole 3-1-12 Business law class

When a person has custody over a painting do they own it? True False True False

A disclaimer is a… A. Sign B. Label C. Warning D. All the above D. All of the above

The subject of the bailment must be real property. True False True False

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

A catering company rents two large canopies to Linda and Mark for their wedding for a fee of $1,200. Because a fee is involved, this is an example of: A. sale on approval B. bailee's lien C. bailment for hire D. involuntary bailment C

A bailment ends when the parties mutually agree to end it. TRUE FALSE True False

If you lend a lawn mower to a neighbor, you have created a bailment! TRUE FALSE True False

In a mutual-benefit bailment, the bailor's main duty is to A. provide income for the bailee b. return goods c. provide goods fit for the intended purpose d. provide appropriate services Provide income for the bailee Return good Provide goods fir for the intended purpose Provide appropriate services

Agreeing to take care of your neighbors' yard during their vacation would require you to exercise! A. extraordinary care. B. ordinary care. C. minimal care. D. any of the above Extraordinary care Ordinary care Minimal care All of the above

Correct! Q1 Q2 Q3 Q4 Q5 Q6 Q7 Q8 Q9

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