True/False
Indicate whether the sentence or statement is true
or false.
|
|
|
1.
|
Tangible personal property has physical substance.
|
|
|
2.
|
An
unlimited number of persons can hold property as tenants in common.
|
|
|
3.
|
Only
two persons can hold property as joints tenants.
|
|
|
4.
|
Ownership by one person in fee simple is a tenancy by the entirety.
|
|
|
5.
|
Nearly all states now allow property to be owned as community property.
|
|
|
6.
|
Property acquired by gift during a marriage is community property.
|
|
|
7.
|
The
donee must give consideration for a gift to be effective.
|
|
|
8.
|
A
promise to deliver a gift is constructive delivery.
|
|
|
9.
|
Delivery of intangible personal property must be done by symbolic
delivery.
|
|
|
10.
|
A
gift inter vivos can never be revoked.
|
|
|
11.
|
A
gift to a dying donee is a gift causa mortis.
|
|
|
12.
|
Property voluntarily placed by its owner and inadvertently forgotten is mislaid
property.
|
|
|
13.
|
A
finder acquires title to lost property good against the whole world, including the original
owner.
|
|
|
14.
|
Property voluntarily placed by its owner with no intention of reclaiming it is
abandoned property.
|
|
|
15.
|
For
an effective bailment, the bailor must retain possession of the bailed property.
|
|
|
16.
|
For
an effective bailment, the bailor must retain control, but not necessarily possession, of the bailed
property.
|
|
|
17.
|
Constructive delivery does not satisfy the delivery requirement for an
effective bailment.
|
|
|
18.
|
If a
bailee fails to return bailed property to a bailor, the bailee may be liable for breach of
contract.
|
|
|
19.
|
In
most bailments, the bailor must notify the bailee of hidden defects of which the bailor knows or
could have discovered with reasonable diligence.
|
|
|
20.
|
A
warehouse company may never, under any circumstances, limit the extent of its liability for loss or
damage of bailed property.
|