Question 5 ( 5 marks)

Define what bailment is, then explain the three different types or categories of bailment and the modern standard of care imposed on the bailee for each type.

Question 6 ( 1 mark)

Explain under what circumstances the court will "lift the corporate veil"

Question 7 ( 2 marks)

Contrast a tenancy in common with a joint tenancy as it relate to ownership of land.Why is the distinction important?

Question 8 ( 2 marks)

How are rights of a person under a lease agreement different from the rights of a person under a license agreement in real property law?

Question 9 ( 1 mark)

What two principles does the law of intellectual property try to balance?