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MORT 234 Ethics And Laws I > 14-15 Personal Property > Flashcards

14-15 Personal Property Flashcards

1
Q

All property which is not real property
Moveable property
Interests less than complete ownership in land or rights to property

A

Personal property

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2
Q

Anything that may be owned

A

Property

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3
Q

Personal property that can be seen, touched, or grasped

A

Tangible personal property

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4
Q
  • evidences of ownership of personal property, such as stock of corporations, checks, copyrights
  • evidences of ownership of rights of values
A

Intangible personal property

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5
Q

Ownership by payment

A

Purchase

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6
Q
  • an instrument executed with required formality by a person making disposition of his or her property to take effect upon his or her death
  • document providing disposition of property after death
A

Will

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7
Q

A personal who dies without leaving a will

A

Intestate

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8
Q

Transfer of ownership of property without consideration

A

Gift

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9
Q

Person who makes a gift

A

Donor

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10
Q

Person who receives a gift

A

Donee

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11
Q

Acquisition of title to property that is attached to property already owned

A

Accession

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12
Q
  • inseparable mixing of goods of different owners
  • mixing of goods of different owners that under certain circumstances results in one of the owners becoming the owner of all the goods
A

Confusion of goods

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13
Q

Bringing property into actual being

A

Creation

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14
Q

Property produced by human innovation and creativity

A

Intellectual property

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15
Q

Absolute title to invention for 14 or 20 years

A

Patent

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16
Q

Exclusive rights given to author of songs, books, and compositions

A

Copyright

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17
Q

Word, symbol, device, or combination of them used to identify and distinguish the source of goods

A

Trademark

18
Q

Secret, economically valuable information

A

Trade secret

19
Q

Property discarded with no intention to reclaim

A

Abandoned property

20
Q

To discard personal property with no intention to reclaim

A

Abandon

21
Q

Property unintentionally left with no intention to discard

A

Lost property

22
Q

the transfer of possession, but not the title, of personal property by one party to another, under agreement or condition that property will be returned

A

Bailment

23
Q

The party who gives up possession, but not the title, of personal property in a bailment

A

Bailor

24
Q

The party who acquires possession, but not the title, of personal property in a bailment

A

Bailee

25
Q

Bailment imposed when a person finds and takes control of lose property

A

Constructive bailment

26
Q

Tangible personal property left as security for a debt

A

Pawn

27
Q

Intangible property serving as security for a debt

A

Pledge

28
Q
  • unauthorized exercise of ownership rights
  • obtaining possession of property and converting it to one’s own use
A

Conversion

29
Q

Transporter of goods, people, or both

A

Carrier

30
Q
  • those who transport only in particular instances and only for those they chose to contract with
  • carrier that transports under special arrangements for a fee
A

Private carrier

31
Q
  • any carrier required by law to convey passengers or freight without refusal if the approved fare or charge is paid (i.e. airline, train, etc.)
  • one that undertakes to transport without discrimination all who apply for service
A

Common carrier

32
Q

One who ships goods by common carrier

A

Consignor

33
Q

One to whom goods are shipped by common carrier

A

Consignee

34
Q
  • a contract existing between the consignor (shipper) and the carrier
  • receipt and contract between consignor and carrier regarding terms of the contract of transportation
A

Bill of lading

35
Q

Contract between and shipper and carrier requiring delivery of shipped goods only to consignee

A

Straight bill of lading

36
Q

Contract allowing delivery of shipped goods to bearer

A

Order bill of lading

37
Q

Articles necessary for personal convenience while traveling on common carriers

A

Baggage

38
Q

One engaged in business of offering lodging to transient

A

Hotel keeper

39
Q

Person in business to supply accommodations to permanent lodgers or boarders, as distinguished from transient guests

A

Boardinghouse keeper

40
Q

Transient received y hotel for accommodations

A

Guest

MORT 234 Ethics And Laws I (9 decks)

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