Bailments Chapter 20 Review Business Law II Bailments Chapter 20 Review

Bailment Relations A bailment involves a transfer of ________ possession. Temporary

Bailment Relations The party who gives up possession of property is the _______. Bailor

Bailment Relations __________ occurs when a person has temporary control of another’s property, but no bailment is present. Custody

Bailment Relations The party who accepts possession and control of property is the _______. Bailee

Bailment Relations What kind of property can be bailed? Personal

Bailment Relations What kind of bailment occurs when the bailee receives and accepts a symbol of the personal property? Constructive

Bailment Relations What kind of bailment occurs when the bailee receives and accepts the goods themselves? Actual

Bailment Relations What term means there is no difference between one unit of the goods and another? Fungible

Bailment Relations What occurs when a person has temporary control of another’s property but no bailment is present? Custody

Bailment Relations What condition of a bailor or a bailee can end a bailment? Incapacity

Duties in Bailments A type of bailment that occurs without the consent of the bailee. Involuntary Bailment

Duties in Bailments The right to retain possession of goods until payment is made. Bailee’s Lien

Duties in Bailments What type of care when the bailee will be strictly liable for any damage, loss, or injury to the goods. Extraordinary Care

Duties in Bailments A type of bailment where consideration is given and received by both the bailor and the bailee. Mutual-benefit bailment

Duties in Bailments The bailee will be liable if negligent in some way. Ordinary Bailment

Duties in Bailments A type of bailment where goods are bailed with common carriers and hotels. Extraordinary Bailment

True or False Common carriers can retain possession of the goods until the charges for transportation are paid. True

True or False A retailer who displays and sells consigned goods is a bailor. False

True or False Passengers who are transported by common carriers are governed by bailment laws. False

True or False A bailment for service occurs when a person delivers goods to be serviced, repaired, or made into a finished article. True

True or False Courts often find disclaimers not enforceable. True

Any Questions?