Chapter 17 Bailments

If you rent a locker at an airport, put your luggage in it, and keep the key to the locker, a bailment of your luggage has been created.

• True

• False

When a wheat farmer store 100 bushels of regular wheat in a silo, the warehouse must return the exact same 100 bushels to the farmer that her originally stored.

• True

• False

The fees a common carrier receives for use of its vehicle in the even that it is not loaded or unloaded at the agreed upon time is called

• a waiting fee

• a carrier's lien

• demurrage

A bailment that is imposed by law in certain situations, such as on the finder of a lost article, is referred to as an actual bailment.

• True

• False

Elements of a bailment are delivery acceptance, and __________________.

• consideration

• consignment

• custody

A publisher lent one of its authors a computer to use in producing her manuscript. Unfortunately, the author suffered a sever personal loss several months into the job and was declared insane. Did the bailment end at that point?

• Yes

• No

In a consignment, the retailer is a bailee.

• True

• False

In a bailment for services, the person providing the services is strictly liable for any damage to the bailed property until it is returned to the bailor.

• True

• False