Question $31(0\mathrm{.}5$ points$)$

Although a written agreement is not required for a bailment of less than a year, because the Statute of Frauds does not apply, it is a good idea to have one.

Question $31$ options:

True

False

Question $32(0\mathrm{.}5$ points$)$

Sure Good Appliance Corporation contracts with Trucking Company to take a selection of appliances to United Railroad, Inc., for United to transport the goods to a VeriSafe Company warehouse. Trucking, United, and VeriSafe each have possession of the goods by a document of title. These parties are

Question $32$ options:

a$)$

buyers.

b$)$

lessees.

c$)$

bailees.

d$)$

sellers.

Question $33(0\mathrm{.}5$ points$)$

An instrument is not negotiable unless it is "payable to order or to bearer" at the time it is issued or first comes into the possession of a holder.

Question $33$ options:

True

False

Question $34(0\mathrm{.}5$ points$)$

Ana signs a check payable to Boz, who indorses the back, gives it to Credit Union, and receives cash. The transfer of the check from Boz to Credit Union is

Question $34$ options:

a$)$

a payment.

b$)$

a negotiation.

c$)$

a sale.

d$)$

an assignment.

Question $35(0\mathrm{.}5$ points$)$

Rita has a fixed$-$term tenancy for her apartment with Studio Apartments. If Rita abandons the premises before the lease expires

Question $35$ options:

a$)$

Studio must make a reasonable attempt to evict Rita.

b$)$

Rita is no longer obligated to pay the rent.

c$)$

Studio may be required to mitigate its damages.

d$)$

Rita may be required to mitigate her damages.

Question $36(0\mathrm{.}5$ points$)$

A bailee has no right to limit his or her liability for loss or damage to the bailed goods because it would contravene public policy.

Question $36$ options:

True

False

Question $37(0\mathrm{.}5$ points$)$

On the completion of a bailment, the bailee may dispose of the property at will.

Question $37$ options:

True

False

Question $38(0\mathrm{.}5$ points$)$

Most liens have little practical use, because liens generally do not take priority over other claims to the same property.

Question $38$ options:

True

False

Question $39(0\mathrm{.}5$ points$)$

Organic Caf$$ orders five gallons of Pure$-$brand olive oil from Quico Oil, Inc. Quico mistakenly ships Pure soy oil, which Organic keeps, despite the nonconformity. The oil is destroyed in a fire. The loss is suffered by

Question $39$ options:

a$)$

Organic.

b$)$

Quico.

c$)$

all of the parties as owners in common in equal measure.

d$)$

Pure.

Question $40(0\mathrm{.}5$ points$)$

A valid will is one that represents the maker's intent to transfer and distribute his or her property.

Question $40$ options:

True

False