1 - Which of the following is defined as the earth's crust and all things firmly attached to it?

A.Tangible property

B.Public property

C.Real property

D.Personal property

2 - When personal property is used in conjunction with real property in such a way as to be treated as part of the real property, it is known as a _____.

A.bailment

B.gift

C.fixture

D.consideration

3 - A person becomes the owner of abandoned property by becoming the first person to possess the property.

True

False

4 - In which of the following cases does a finder have no rights to the property?

A.Inherited property

B.Mislaid property

C.Abandoned property

D.Lost property

5 - Cars, animals and golf clubs are examples of real property.

True

False

6 - Barb parked her new Porsche with the restaurant valet. The valet gave Barb a claim receipt. A valid bailment has been created.

True

False

7 - The most commons ways of obtaining ownership are by purchasing it or producing it.

True

False

8 - The finder of lost property has better rights to the property than anyone, including the original owner. In other words, "finders keepers, losers weepers"!

True

False

9) Amber gave her boyfriend, Hunter, an expensive set of stereo speakers for his birthday. Two days later, Hunter broke up with Amber and began dating Kelly. Amber is both heartbroken and furious. Is she entitled to get the speakers back from Hunter?

A.

No, because this was a giftcausa mortis.

B.Yes, because Hunter provided Amber no consideration.

C.

Yes, because a donor is entitled to revoke her gift within a reasonable time.

D.No, because she intended to make a gift of the speakers and actually delivered them to Hunter

10) Which of these is an essential element of a bailment?

A.

The bailee is allowed to make changes to the bailed property.

B.The bailee has no responsibility for the bailed property.

C.There has to be a written agreement between the two parties.

D.

The bailor owns personal property or holds the right to possess it.