Uniform commercial code does not cover bailments for storage

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Reference no: EM131764570

True or False Questions

1. The Uniform Commercial Code does not cover bailments for storage. T/F

2. A bailment for the sole benefit of the bailee usually exists in agreements for the rental of equipment. T/F

3. In a bailment for the sole benefit of the bailee, the bailee is required to extend only slight care. T/F

4. The bailee in a bailment for work and services is entitled to hold and sell the property if the bailor does not pay for work or services done. T/F

5. The relationship between a consignor and a common carrier is a bailment for the sole benefit of the bailor. T/F

6. A hotelkeeper has almost total liability for the property of guests. T/F

7. When a parking lot operator allows a motorist to lock a car andretain the key, a bailment relationship is created. T/F

8. When goods are stored in a warehouse, the warehouser becomes the bailor. T/F

9. In a mutual-benefit bailment, the bailee is required to extend extraordinary care. T/F

10. When fungible goods are stored, the identical goods must be returned. T/F

11. A bailment cannot generally be created without the agreement of both bailor and bailee. T/F

Reference no: EM131764570

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