Understanding Business and Personal Law
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Chapter 17: Personal Property and Bailments
      
  1.If you unknowingly purchase stolen property, you would be obliged to return it to the owner.  
  a.   TRUE  
  b.   FALSE  
      
  2.Tangible personal property is something that  
  a.   has a trademark which distinguishes it from other property.  
  b.   has substance and can be touched.  
  c.   is copyrighted under the fair use doctrine.  
  d.   has no substance and cannot be touched.  
      
  3.A copyright is a(n)  
  a.   right granted to an author to exclusively publish and sell a literary work.  
  b.   document that must be filed with the U.S. Patent and Trademark Office in order to be considered legal.  
  c.   exclusive right by an inventor to make, use, or sell an invention.  
  d.   distinctive mark, symbol, or slogan used by a business to identify its goods.  
      
  4.When you rent a movie at a video store, you are entering into a relationship called a  
  a.   bailor.  
  b.   mutuum.  
  c.   fair use doctrine.  
  d.   bailment.  
      
  5.In bailment lawsuits, the burden of proof is usually on the  
  a.   bailor.  
  b.   bailee.  
  c.   hotel keeper.  
  d.   business owner.  
      
  6.Hotel keepers must provide lodging for those willing to pay if rooms are available.  
  a.   TRUE  
  b.   FALSE  
      
  7.If property is found in a public or semipublic place, it is considered  
  a.   discarded.  
  b.   abandoned.  
  c.   misplaced.  
  d.   lost.  
      
  8.Common carriers, unlike hotel keepers, can turn away people who ask for their services.  
  a.   TRUE  
  b.   FALSE  
      
  9.In a gratuitous bailment, property is transferred to another person without either party giving or asking for payment.  
  a.   TRUE  
  b.   FALSE  
      
  10.A gift of personal property is completed when the donor intends to make the gift and the donee accepts the gift.  
  a.   TRUE  
  b.   FALSE  

 
 
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