CPCU 530 CH. 5 & 6 EXAM 80 QUESTIONS &
CORRECT ANSWERS LATEST 2025
A person can acquire possession of personal property in several ways including
creating the property. What is another way a person can acquire possession of
personal property - ANSWER-Confusion
Justin recently had his house covered with vinyl siding. As a means of obtaining
property this is an example of: - ANSWER-Accession
The federal copywrite act of 1978 permits the fair use of copyrighted material in a
reasonable manner without the owners consent. what constitutes fair use is not
always easy to determine. What do courts consider in determining fair use? -
ANSWER-Effect of use on the work's value
A gift requires which of the following elements? - ANSWER-Delivery
Donative intent is one of the elements of a gift. describe donative intent: -
ANSWER-An Intent to make a gift in the present
Bailors and Bailees have rights and duties related to property in bailment. The
principal consideration in determining these rights and duties is: - ANSWER-The
identification of the intended beneficiary of the bailment
, Describe a bailee's right to limit liability for the bailed goods in the bailment
contract - ANSWER-A Bailee has a right to limit liability only for ordinary
negligence, not for willful or wanton misconduct
Standard of care for a bailee when a bailment is for the bailor's and bailee's
mutual benefit: - ANSWER-Reasonable care under the circumstances
some bailment contracts require compensation. when express or implied
compensation is not paid, the bailee: - ANSWER-Can assert a lien or even a
possessory lienuntil the compensation is paid
Standard of care owed by bailees in most situations for property of others in their
possession because of mutual benefit bailments is: - ANSWER-Reasonable care
In bailments for mutual benefit, the bailee can use the property: - ANSWER-Only
as specified within the bailment agreement/contract
The right to full ownership and the right to possess real property are
characteristics of a: - ANSWER-Fee Simple Estate
A contract of sale for real property usually includes which element? - ANSWER-
Non-essential terms
Justin and Ashton recently went to closing on their home purchased from Blake.
We were able to get a real bargain on the house. At closing, which deed would be
most beneficial for us? - ANSWER-General Warranty Deed
CORRECT ANSWERS LATEST 2025
A person can acquire possession of personal property in several ways including
creating the property. What is another way a person can acquire possession of
personal property - ANSWER-Confusion
Justin recently had his house covered with vinyl siding. As a means of obtaining
property this is an example of: - ANSWER-Accession
The federal copywrite act of 1978 permits the fair use of copyrighted material in a
reasonable manner without the owners consent. what constitutes fair use is not
always easy to determine. What do courts consider in determining fair use? -
ANSWER-Effect of use on the work's value
A gift requires which of the following elements? - ANSWER-Delivery
Donative intent is one of the elements of a gift. describe donative intent: -
ANSWER-An Intent to make a gift in the present
Bailors and Bailees have rights and duties related to property in bailment. The
principal consideration in determining these rights and duties is: - ANSWER-The
identification of the intended beneficiary of the bailment
, Describe a bailee's right to limit liability for the bailed goods in the bailment
contract - ANSWER-A Bailee has a right to limit liability only for ordinary
negligence, not for willful or wanton misconduct
Standard of care for a bailee when a bailment is for the bailor's and bailee's
mutual benefit: - ANSWER-Reasonable care under the circumstances
some bailment contracts require compensation. when express or implied
compensation is not paid, the bailee: - ANSWER-Can assert a lien or even a
possessory lienuntil the compensation is paid
Standard of care owed by bailees in most situations for property of others in their
possession because of mutual benefit bailments is: - ANSWER-Reasonable care
In bailments for mutual benefit, the bailee can use the property: - ANSWER-Only
as specified within the bailment agreement/contract
The right to full ownership and the right to possess real property are
characteristics of a: - ANSWER-Fee Simple Estate
A contract of sale for real property usually includes which element? - ANSWER-
Non-essential terms
Justin and Ashton recently went to closing on their home purchased from Blake.
We were able to get a real bargain on the house. At closing, which deed would be
most beneficial for us? - ANSWER-General Warranty Deed
