Business Law
1. All of us live somewhere. What property rights come with our home?
2. Are there any restrictions on what you can do with your property and home (homeowner’s or condominium association)?
3. Under what circumstances can the government seize your home for a public purpose?
4. All of us turn our personal property over to the care of others–a dry cleaners, a parking lot, storage. Under what circumstances are the bailees (the holders of your goods) responsible for the loss or damage of your property? Can bailees successfully disclaim or limit liability for negligent acts on their part, resulting in the loss or damage to your property?
5. How about some examples of bailments? List some of the times you’ve placed your property in the control of someone else. What is necessary to create a bailment and what are the different types of bailment? Please give an example and describe what type of bailment relationship you have given.
6. Please describe the definition of each situation (lost, mislaid, abandoned) and who has the right to the property in each situation.
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