Question 1

A salesperson of the titleholder of certain merchandise may sell the products of the titleholder because he has ___________ permission of the titleholder.

Accepted Answer

A)   only the express
B)   the express or implied
C)   only the implied
D)   neither express nor impliedE) A) and B)
F) A) and C)

Question 2

A person who finds an article has good title against anyone EXCEPT the:

Accepted Answer

A)   true owner.
B)   future purchaser.
C)   seller.
D)   middleman.E) A) and C)
F) B) and D)

Question 3

A negotiable warehouse receipt,like the negotiable order bill of lading,requires that the original copy be presented to the warehouser before the goods will be surrendered to someone claiming them.

Accepted Answer

A) True 
 B)False

Question 4

Legal disputes often involve the determination of who holds the title when a(n) :

Accepted Answer

A)   loss occurs.
B)   contract commences.
C)   performance initiates.
D)   illegal activity occurs.E) B) and D)
F) None of the above

Question 5

If the owner of goods entrusts proof of ownership to someone in possession of the goods,the goods cannot be recovered by the true owner from an innocent purchaser.

Accepted Answer

A) True 
 B)False

Question 6

There are two kinds of bill of lading.While one is a straight bill of lading,the other one is:

Accepted Answer

A)   bill of sale.
B)   flexible bill of lading.
C)   order bill of lading.
D)   bill of acknowledgement.E) All of the above
F) B) and C)

Question 7

How does a transfer of title happen by estoppel?

Accepted Answer

Under certain circumstances,it...

Question 8

Situations of wrongful possession occur when property,such as stolen goods,is transferred without the permission of the owner.

Accepted Answer

A) True 
 B)False

Question 9

If a bill of sale is a handwritten document instead of a legal document,the bill is:

Accepted Answer

A)   no longer effective.
B)   still effective.
C)   void.
D)   forged.E) None of the above
F) A) and D)

Question 10

For title to pass by estoppel,the purchaser need not prove that the purchase was made from one in rightful possession.

Accepted Answer

A) True 
 B)False  False

Question 11

Land and all articles permanently attached to it are known as:

Accepted Answer

A)   personal property.
B)   property in rem.
C)   property in persona.
D)   real property.E) B) and D)
F) All of the above

Question 12

When property,such as stolen goods,is transferred without the permission of the owner,then it amounts to:

Accepted Answer

A)   rightful possession.
B)   champerty.
C)   wrongful possession.
D)   conditional sale.E) None of the above
F) All of the above

Question 13

The intangible right of ownership is called:

Accepted Answer

A)   custody.
B)   tenure.
C)   title.
D)   possession.E) None of the above
F) All of the above

Question 14

Title passes when the parties intend it to pass.

Accepted Answer

A) True 
 B)False  True

Question 15

An order bill of lading is not negotiable.

Accepted Answer

A) True 
 B)False

Question 16

The concept of title was crucial in making determinations of the rights and responsibilities of the parties to a contract,prior to the adoption of:

Accepted Answer

A)   Federal Trade Law.
B)   Uniform Commercial Code.
C)   United Trade Commission.
D)   Trivial Trade Laws.E) A) and D)
F) A) and C) B

Question 17

A salesperson need not have the express or implied permission of the titleholder of the merchandise to sell it.

Accepted Answer

A) True 
 B)False

Question 18

A sale in which contract provisions that specify conditions that must be met by one of the parties is called a(n) :

Accepted Answer

A)   conditional sale.
B)   substantial sale.
C)   premeditated sale.
D)   altruistic sale.E) A) and C)
F) B) and D)

Question 19

What are the various methods by which a title passes?

Accepted Answer

Involved in the passage of title are the...

Question 20

When a sales contract provides that specific conditions must be met after title has passed,it is said to contain a condition:

Accepted Answer

A)   that is not legal.
B)   subsequent.
C)   simultaneous.
D)   of no consequence.E) A) and D)
F) A) and C)

Exam 16: Transfer of Title

A salesperson of the titleholder of certain merchandise may sell the products of the titleholder because he has ___________ permission of the titleholder.

Correct AnswerverifiedShow Answer

A person who finds an article has good title against anyone EXCEPT the:

Correct AnswerverifiedShow Answer

A negotiable warehouse receipt,like the negotiable order bill of lading,requires that the original copy be presented to the warehouser before the goods will be surrendered to someone claiming them.

Correct AnswerverifiedShow Answer

Legal disputes often involve the determination of who holds the title when a(n) :

Correct AnswerverifiedShow Answer

If the owner of goods entrusts proof of ownership to someone in possession of the goods,the goods cannot be recovered by the true owner from an innocent purchaser.

Correct AnswerverifiedShow Answer

There are two kinds of bill of lading.While one is a straight bill of lading,the other one is:

Correct AnswerverifiedShow Answer

How does a transfer of title happen by estoppel?

Correct AnswerverifiedUnder certain circumstances,it...View AnswerShow Answer

Situations of wrongful possession occur when property,such as stolen goods,is transferred without the permission of the owner.

Correct AnswerverifiedShow Answer

If a bill of sale is a handwritten document instead of a legal document,the bill is:

Correct AnswerverifiedShow Answer

For title to pass by estoppel,the purchaser need not prove that the purchase was made from one in rightful possession.

Correct AnswerverifiedFalse

Land and all articles permanently attached to it are known as:

Correct AnswerverifiedShow Answer

When property,such as stolen goods,is transferred without the permission of the owner,then it amounts to:

Correct AnswerverifiedShow Answer

The intangible right of ownership is called:

Correct AnswerverifiedShow Answer

Title passes when the parties intend it to pass.

Correct AnswerverifiedTrue

An order bill of lading is not negotiable.

Correct AnswerverifiedShow Answer

The concept of title was crucial in making determinations of the rights and responsibilities of the parties to a contract,prior to the adoption of:

Correct AnswerverifiedB

A salesperson need not have the express or implied permission of the titleholder of the merchandise to sell it.

Correct AnswerverifiedShow Answer

A sale in which contract provisions that specify conditions that must be met by one of the parties is called a(n) :

Correct AnswerverifiedShow Answer

What are the various methods by which a title passes?

Correct AnswerverifiedInvolved in the passage of title are the...View AnswerShow Answer

When a sales contract provides that specific conditions must be met after title has passed,it is said to contain a condition:

Correct AnswerverifiedShow Answer

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Under certain circumstances,it...
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False

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True

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B

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Involved in the passage of title are the...
View Answer

Correct Answer
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