Reference no: EM131709945
1. Imagine that you have a safety deposit box at a bank and you have valuables locked in it. The box has two keys and both are different, yet it takes both keys to unlock the box. The bank has one key and you have the other. Unfortunate, the bank is robbed and the robbers break into all of the safety deposit boxes and steal everything. Since the robbers cannot be found, you want the bank to pay you for the value of your items that were stolen. What type of bailment was formed'?
a. sole benefit of the bailee
b. sole benefit of the bailor
c. mutual bailment
d. all of these
e. none of these
2. The attached article involving the backpack full of $40,000 that the homeless man found. This type of property, the backpack with $40,000, under common law, deals with an ownership issue, and/or a bailment issue. If the homeless man found the backpack on a park bench, where the owner of the backpack had set it, and then got carried away talking with a friend, and walked away without it. What legal issue is involved?
a. abandoned property
b. lost property
c. mislaid property
d. stolen property
e. sole benefit of the bailee bailment
3. The attached article titled "Motorcycle recovered in Calif. 46 years after theft," deals with an interesting property law issue. Which of the following is correct?
a. This is adverse possession and the finder after a certain number of years gets legal title to the motorcycle, even though it was stolen.
b. This is a prescriptive easement and the finder after a certain number of years gets legal title to the motorcycle, even though it was stolen.
c. Since this is personal property, legal title stays with the motorcycle owner that had the motorcycle stolen from him, no matter if the thief had sold it to an innocent person.
d. Since this is personal property, if the thief sells the motorcycle to an innocent person, the original owner that had the motorcycle stolen from him, losses title to the motorcycle, and the innocent person gets legal title to the motorcycle.
e. none of these