Which of the Following Statements Is False

question 11

Multiple Choice

Which of the following statements is false?

• A)A bailment exists where a person is in temporary possession of property belonging to another.
• B)Personal property denotes all types of property other than 'real' property.
• C)A chose in action is a form of tangible personal property.
• D)Ownership usually means the same thing as 'title'.

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Definitions:

Mutual Misunderstanding

A situation in which all parties involved have a different understanding of the terms or conditions of an agreement.

Contract Executed

An agreement that has been fully performed by all parties involved.

Fraud

Intentional misleading to achieve unjust advantage or illegal benefit, or to cheat someone out of a lawful entitlement.

Executory Contract

A contract under which both parties to the agreement have outstanding obligations or performance yet to be completed.