Ch 21 t/f
After fully complying with the procedures of the Uniform Gifts to Minors Act, a donor is entitled to take back the donated property at any time before the minor donee reaches the age of 18.
false
An ordinary bailment can arise without an agreement between the parties.
false
Generally, a bailment agreement does not contain all the elements of a contract.
false
If a bailment is for the sole benefit of the bailee, the bailor has no obligation to inform the bailee of known defects.
false
If a thief sells stolen property to a good-faith buyer, the buyer acquires title to the property.
false
If while trespassing a hunter kills game, the game belongs to that hunter.
false
In common usage today, there is no distinction between real and personal property.
false
In order for a bailment to be valid, the bailor must be the owner of the subject property.
false
In order for delivery to occur, a gift must actually be handed over to the recipient.
false
In states that follow the community property tradition, property acquired after the marriage belongs solely to the party who acquired it.
false
Joint tenancy and tenancy in common both feature the right of survivorship.
false
Personal property includes all things of value including real estate.
false
The Uniform Anatomical Gift Act permits persons sixteen (16) years of age or older to make gifts of their bodies or any parts thereof.
false
The finder of lost property is usually entitled to a judicially-determined reward for finding and caring for the property until the rightful owner reclaims it.
false
When a person rents space in a locker or building under an agreement that gives the renter the exclusive right to use that space, the placing of goods by the renter in that space creates a bailment.
false
With regard to a bailment, a valid delivery and acceptance need not require that the bailee be aware that goods have been placed within the bailee's exclusive possession or control.
false
A bailee's duty of care for bailed property depends on the type of bailment
true
A bailee's lien gives the bailee the right to keep possession of the bailed property until reasonable charges for storage and/or repairs are paid.
true
A custodian who holds money for the benefit of a minor under the Uniform Gifts to Minors Act may choose to use the money to send the minor to summer camp.
true
A tenancy in common is a form of ownership by two or more persons.
true
An ordinary gift made between two living persons is an inter vivos gift.
true
At common law, a tenancy by entirety or a tenancy by the entireties is created when property is transferred to both husband and wife.
true
Most courts consider an engagement ring to be a conditional gift.
true
Personal property is lost when an owner does not know where it is located but intends to retain title or ownership to it.
true
The intent to make a gift requires an intent to transfer title at that time.
true
The legal concept of property includes rights in the property.
true
The person who turns over the possession of bailed property is the bailor, and the person who accepts possession is the bailee.
true
Title to abandoned property may be acquired by the first person who obtains possession and control of it.
true
Transfer or possession and use of bailed property without compensation is a gratuitous bailment.
true
Unclaimed property is often transferred to the government under the concept of escheat.
true
