Egi long are always responsible for insuring the bailed property: True False 5. Provincial statutes govern ell lucrative bailments. True False A limited liability clause in a bailment contract will ensure that the bailee will carryy no legal riskcor loss of or damage to property in the boilee's possession. True False 7. Breach of environmental audit conditons terminates agreements of purchase and sale True False B. Before title can be registered to the purchaser of land using the land titles system, : historical search of the deeds registered for that property must be conducted to ensure that the seller is the valid owner at the time of sale. True False 9. The owner of a commercial property is responsible to insure the chamels in the premises belonging to the tenant True False 10. Property loss insurance can protect businesses against fire, theft accident, and weather damage. True