Question 71 pts

Cutting Edge Corporation makes and sells knives, scissors, garden shears, and other cutting devices. To cover injuries to consumers if the products prove defective, Cutting Edge should obtain

Group of answer choices

group insurance

key-person insurance

liability insurance

life insurance

Flag question: Question 8

Question 81 pts

Stocks and bonds are intangible personal property.

Group of answer choices

True

False

Flag question: Question 9

Question 91 pts

Hotels operators are not liable for any loss or damage to their guests' personal property.

Group of answer choices

True

False

Flag question: Question 10

Question 101 pts

Before going on a business trip, Gina leaves the key to her apartment with Harry. She checks her suitcase at the airport, and boards the plane. A bailment is created when Gina

Group of answer choices

delivers the key to Harry.

checks her suitcase.

boards the plane.

all of the choices.

Flag question: Question 11

Question 111 pts

The most important factor in determining whether an items is a fixture is the perception of a disinterested third party.

Group of answer choices

True

False

Flag question: Question 12

Question 121 pts

Libby conveys her nineteenth-century mansion to Main Street Historical Society in fee simple absolute. In the mansion, Libby now has

Group of answer choices

a partial ownership interest.

an easement.

no interest.

a profit.

Flag question: Question 13

Question 131 pts

The landlord has no duty to deliver possession of leased property the tenant at the beginning of the lease term.

Group of answer choices

True

False

Flag question: Question 14

Question 141 pts

The tenant's transfer of his or her entire interest in the leased property to a third person is a sublease of the lease.

Group of answer choices

True

False

Flag question: Question 15

Question 151 pts

A trust is an arrangement to administer property for the benefit of another.

Group of answer choices

True

False

Flag question: Question 16

Question 161 pts

Because bonds do not represent debt, they need never be repaid.

Group of answer choices

True

False