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:

Defective Widgets

Products, specifically widgets, that fail to meet the required quality or functional standards, potentially leading to legal liability for manufacturers or sellers.

Cover

In the context of contracts, the act of seeking a substitute fulfillment of a contract, for example, purchasing goods from a different supplier if the original supplier fails to perform.

UCC

The Uniform Commercial Code, a comprehensive set of laws governing commercial transactions in the United States, aimed at harmonizing the law of sales and other commercial transactions across state lines.

2-712

Pertains to the Uniform Commercial Code (UCC), specifically the section regarding "Cover" and the buyer's right to procure substitute goods.