Which of the Following Statements Is TRUE with Respect to Sub-Bailments

question 70

Multiple Choice

Which of the following statements is TRUE with respect to sub-bailments?

• A)Because of the doctrine of privity, it is possible to have a sub-bailment, but not a sub-sub-bailment.
• B)A sub-bailment must be contractual in origin.
• C)A sub-bailment can occur with the bailor's implied or express consent.
• D)A sub-bailee is always considered an insurer for the purposes of the standard of care.
• E)Every person who is a bailor must also be a bailee.

Understand the legal requirements and effects of foreclosure on mortgagor's rights and obligations.

Comprehend the significance and function of title searches, title insurance, and the registration of property deeds.

Understand the legal theories underlying mortgages, including lien theory and title theory, and their implications for borrowers and lenders.

Explain the implications of the Dodd-Frank Act on mortgage lending and consumer protection.

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Definitions:

Notochord

A flexible, rod-shaped structure found in the embryonic stage of all chordates that provides skeletal support and defines the primitive axis of the embryo.

Dorsal Hollow Nerve Cord

A distinctive feature of chordates, this is a nerve cord found along the back or dorsal side of the organism.

Notochord

A flexible rod made out of a material similar to cartilage that provides support in the embryonic stages of all chordates, including humans.

Vertebral Column

Portion of the vertebrate endoskeleton that houses the spinal cord; consists of many vertebrae separated by intervertebral discs.