. 2 Whether a bailee exercised reasonable care in a mutual benefit bailment is based on which of the following standards?

A. Whether the bailee satisfied the standard of ordinary care

B. Whether the bailee satisfied a standard higher than that of ordinary care

C. Whether the bailee satisfied a standard lower than that of ordinary care

D. Whether any damage occurred based on a strict liability standard

2. 4 Ed and Phil want to buy some land together and own it as co-owners, but they each want the right to dispose of his interest in the property at death as he sees fit. Which of the following is the way that they should own the property?

• As tenants in common
• As tenants by the entirety
• As a cooperative ownership

3. 8 The individual unit owners own the common spaces of a condominium as

• joint tenants.
• periodic tenants.
• tenants in common.
• tenancy in partnership.

4. 9 Annette was very nervous about her impending brain surgery. Just before entering the operating room, Annette gave her diamond ring to her niece and stated, "In case I don't survive the surgery, I would like you to have my ring." Fortunately, Annette made it through the surgery and was released from the hospital a week later. On her way home from the hospital, Annette was in a fatal car accident. Which of the following statements is true

• Annette's niece may keep the ring. It was a gift inter vivos.
• Annette's niece may keep the ring because Annette died.
• Annette's niece may keep the ring because Annette did not ask for it back before she died.
• Annette's niece must return the ring to Annette's estate