CHAPTER 14—NATURE OF PERSONAL PROPERTY Key
1. Which of the following is most likely to fall in the category of intangible personal property?
2. Which of the following is most likely to happen when confusion of property belonging to two different
owners occurs by accident?
3. A _____ provides someone with an absolute title to his/her invention for a certain period of time.
4. Which of the following does the Uniform Disposition of Unclaimed Property Act claim?
5. Which of the following statements is true about bailments?
6. A case of someone finding and taking possession of lost property is an example of:
7. Which of the following is an example of a bailment for the sole benefit of the bailor?
8. Which of the following is true of bailments for the sole benefit of the bailee?
9. The unauthorized exercise of ownership rights over another’s property is known as a(n) _____.
10. When a person dies intestate, the laws of the decedent’s state of residence will dictate how his personal
property will be divided among his heirs.
11. The mere act of creation of an intellectual property lends the creator with an absolute title to the property.
12. A copyright must be registered in order for the owner to sue for its infringement.
13. The theft of trade secrets is a federal crime.
14. A finder of abandoned goods does not hold an absolute right to its possession.
15. Bailments are governed by contracts.
16. A transfer of fungible goods does not constitute a bailment.
17. A constructive bailment is a bailment for the sole benefit of the bailor.
18. When a bailment is for the sole benefit of a bailor, a bailee may receive benefits of ownership during the
bailment.
19. Tangible property left as security is a pledge.
20. Mention a few instances where a bailee need not return bailed property in the same condition that it was
delivered to him.