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Question
Elaine asked Meredith if she could borrow Meredith's dress for an awards ceremony. Meredith gave Elaine the dress and asked for nothing in return for this favor. This transaction was a:
A. bailment for the sole benefit of the bailor.
B. mutuum.
C. mutual-benefit bailment.
D. bailment for the sole benefit of the bailee.
Answer
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Related questions
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B. Writ of replevin
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D. Cover the sale
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Gerald orders 1,000 cupcakes from Haddock Bakers for a Christmas Eve party. However, Haddock fails to deliver the cupcakes as per the schedule mentioned in the contract, and does not send any notification to Gerald. Gerald orders the cupcakes from Marlene's Cakes that evening. This is an example of which of the following?
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Q:
Turban, an immigrant who speaks little English, enters into a contract to pay $300 per month for ten years to purchase an auto from Travel Motor Co. The appraised retail value of the car is $5000. What legal remedy would release Turban from his contract?
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Q:
Which of the following is true of insurable interest?
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B. Buyers cannot place insurance on goods.
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Q:
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Q:
A document of title allows the person who possesses it to:
A. receive the goods named in the document.
B. conclusively prove ownership of the goods named in the document.
C. receive the goods named in the document free of any creditor claims.
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Q:
When goods are sent f.o.b. shipment, the title and risk of loss:
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B. pass to the buyer at the point of origin.
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D. pass to the buyer when he/she accepts the goods.
Q:
Which of the following is true of international sales law?
A. It governs only the formation of a sales contract and the rights and duties that arise from it.
B. It is concerned with the validity of a contract that would be governed by other laws.
C. It applies to the liability of the seller for death or personal injury caused by the goods to any person.
D. It applies to auctions sales, sales of stocks, securities, negotiable instruments or money.
Q:
Which of the following is true of oral contracts for the sale of goods of $500 or more?
A. Oral contracts can occur between merchants and consumers for sale of good of $500 or more.
B. A written conformation is received and signed by one party, and sent to the other for approval.
C. A written conformation is received by a party and to which it does not object to within 10 days.
D. An oral objection is accepted to a written confirmation for the sales of goods for $500.
Q:
_____ are those that are in accordance with the obligations under the contract.
A. Future goods
B. Nonconforming goods
C. Tangible goods
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Q:
In what respect is a bailment legally different from a sale?
A. Title does not transfer in a bailment.
B. Title transfers in a bailment but no price is involved.
C. In both there is a transfer of title but in a bailment the title reverts to the bailer at the end of the bailment.
D. In a sale the title transfer includes all rights of ownership but in a bailment the title transfer includes limited rights of ownership.
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In a contract for which no delivery is required, title to the goods does not pass to the buyer until the buyer receives the goods.
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In a shipment contract, risk of loss does not pass from the seller to the buyer until the buyer receives the goods.
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In an auction with reserve, the auctioneer must accept the highest bid.
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A sale of goods contract offer is silent concerning the method of acceptance. It may be accepted in any reasonable manner.
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Better Houses, Inc. has been contracted to build an addition on the Joyners' house. It built half of the addition and then unexpectedly announced that it was not going to finish the job. Such a desertion of work is called:
A. a constructive breach of contract.
B. substantial performance.
C. abandonment of contractual obligations.
D. a repudiation of contract.