Indicate whether each of the following statements is true or false by writing T or F in the answer column.
1. A bailment requires that title pass at the time the bailment is created. 1. ___________
2. Bailments can be express or implied. 2. ___________
3. Anyone in possession of goods can create a bailment relationship. 3. ___________
4. A bailment for the sole benefit of the bailee usually exists in agreements for the rental of equipment. 4. ___________
5. In a bailment for the sole benefit of the bailee, the bailee is required to extend only slight care. 5. ___________
6. A mutual-benefit bailment does not exist if there is a lack of consideration.
6. ___________
7. The Uniform Commercial Code does not cover bailments for storage. 7. ___________
8. The bailee in a bailment for work and services is entitled to hold and sell the property if the bailor does not pay for work or services done. 8. ___________
9. The relationship between a consignor and a common carrier is a bailment for the sole benefit of the bailor. 9. ___________
10. A hotelkeeper has almost total liability for the property of guests. 10. ___________
11. When a parking lot operator allows a motorist to lock a car and retain the key, a bailment relationship is created. 11. ___________
12. When goods are stored in a warehouse, the warehouse becomes the bailor.
12. ___________
13. In a mutual-benefit bailment, the bailee is required to extend extraordinary care.
13. ___________
14. When fungible goods are stored, the identical goods must be returned. 14. ___________
15. A bailment cannot generally be created without the agreement of both bailor and bailee.
15. ___________

  • CreatedOctober 01, 2015
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