Java Games: Flashcards, matching, concentration, and word search.

Bailment Terms and Responsibilities

AB
Duty of Tenant- duty to pay rent - duty to take care of the property - duty to care for those who enter the property
Deedlegal document used to transfer ownership
Mutualboth parties
Extraordinary BailmentA common carrier or hotel is strictly liable for damages to bailed goods
DedicationGiving real property to the government for use
Adverse PossessionAdversely, open, notorious and continuous possesses of another's property
Real PropertyLand and anything permanently attached (ex: buildings, water, etc.)
Rights of Bailee- To hold a mechanics lein - To expect payment for services rendered
Duties of Bailee- Reasonable care and protection of goods while in custody of bailee - to comply with the terms of bailment
ForeclosureRight of mortgage holder to seize property for payment of debt that is passed due
Extraordinary BailmentA common carrier or hotel is strictly liable for damages to bailed goods
Personal PropertyAnything other than real property, must be delivered in order to transfer ownership
Tendency of sufferanceRemaining in possession of a rented property after the lease has expired
Rights of Bailor- to have goods protected - to receive service as agreed upon - to have goods returned in a timely manner
Surface RightsThe right to occupy, develop, waste or destroy land
Involuntary BailmentArises accidentally
Duties of Landlord- duty to provide habitable premises - duty to conform to government requirements
Mutual Benefit BailmentBoth parties receive something from the temporary transfer of personal property
Mechanics LienRight to retain property of another, if not paid for service rendered
Rights of Tenant- right of possession - right to use property - right to assign the lease or sublet the premises


Business Marketing Teacher, Career Technical Education
CENTRAL CABARRUS HIGH SCHOOL
Concord, NC

This activity was created by a Quia Web subscriber.
Learn more about Quia
Create your own activities