Chapter 29 - Personal property and bailments. After completing this chapter, students will be able to: Give examples of tangible and intangible personal property; describe the methods of owning property with others; differentiate among lost property, misplaced property, and abandoned property;...
Business Law with UCC Applications,13e Personal Property and Bailments Chapter 29 McGrawHill/Irwin Copyright © 2013 by The McGrawHill Companies, Inc. All rights reserved Learning Objectives Give examples of tangible and intangible personal property Describe the methods of owning property with others Differentiate among lost property, misplaced property, and abandoned property Identify the requirements of a completed gift Explain the law that applies to stolen property 292 Learning Objectives (cont.) Determine when a bailment occurs Name and describe the principal types of bailments Discuss the burden of proof as it relates to bailments Make clear an innkeeper’s duty to accept all guests 10.Explain innkeepers’ duties of care to their guests and their guests’ property 293 Personal Property and Bailments • Personal Property – Ownership of Personal Property – Lost, Misplaced, and Abandoned Property – Gifts of Personal Property – Stolen Personal Property 294 Personal Property and Bailments • Gifts of Personal Property – Uniform Transfers to Minors Act – Gift in Causa Mortis – Anatomical Gifts 295 Personal Property and Bailments • Bailments – Principles of Bailment – Bailments for Sole Benefit of Bailor – Bailments for Sole Benefit of Bailee – Mutual-Benefit Bailments – Burden of Proof – Innkeepers, Carriers, Warehousers 296 Personal Property and Bailments • Innkeepers, Carriers, Warehousers – Innkeepers – Carriers – Warehousers 297 ... property with others Differentiate among lost property, misplaced property, and abandoned property Identify the requirements of a completed gift Explain the law that applies to stolen property 29? ?2... property 29? ?3 Personal Property and Bailments • Personal Property – Ownership of Personal Property – Lost, Misplaced, and Abandoned Property – Gifts of Personal Property – Stolen Personal Property 29? ?4... Anatomical Gifts 29? ?5 Personal Property and Bailments • Bailments – Principles of Bailment – Bailments for Sole Benefit of Bailor – Bailments for Sole Benefit of Bailee – Mutual-Benefit Bailments