Monday, October 31, 2011

October 31, 2011 - Personal Property and Bailments

1. What is the difference between real property and personal property?

2. Describe fee simple.

3. People who share ownership rights simultaneously in a particular piece of property are said to be ______________ owners.

4. Define tenancy in common.

5. Define joint tenancy.

6. Describe community property.

7. Is Idaho a community property state?

8. What is the most common way of acquiring personal property?

9. Describe possession.

10. Define production (as it relates to property possession).

11. Can you acquire property by gift?  What three requirements must be met in order to acquire property by gift?

12. If a gift is challenged in court - what will the judge look at to decide?

13. Describe constructive delivery.

14. What are gifts inter vivos and cause mortis?

15. What is accession?

16. What is the difference between mislaid property and lost property?

17. How do you convert lost property?

18. What is an estray statute?

19. What is abandoned property?

20. What is a bailment?

21. What are the three elements of a bailment?

22. Does a bailment agreement have to be in writing?

23. What are the three types of ordinary bailment?

24. Does a bailee have the right to be compensated?

25. What are the duties of the bailee?

26. Brief La Place v. Briere

27. Describe the duties of the bailor?

28. Brief Treiber & Straub Inc. v. UPS, Inc.

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