A bailment is different from a gift because

a. a gift requires consideration, but a bailment does not.
b. a gift requires delivery, but a bailment does not.
c. in a bailment, only possession of the property is transferred to the bailee, whereas with a gift, both possession and ownership must pass to the donee.
d. a gift is always a contract, but a bailment is generally not a contract.


c

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Cabinet members of cabinet-level federal departments are chosen directly by the president

Indicate whether the statement is true or false

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When Barbara Baekgaard and Pat Miller began bringing their bags to market by selling their prototype bags at trunk shows, walking into gift shops to obtain orders, and requesting feedback from friends and family they were practicing:

a. the skill of play b. calculating their affordable loss c. taking small actions d. reflecting and being honest with themselves

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Answer the following statements true (T) or false (F)

1. In final offer arbitration, the arbitrator is not constrained in deciding the settlement terms and can create any terms he or she deems fair. 2. Final offer arbitration is generally believed to encourage the parties to negotiate more than conventional arbitration because it is riskier for negotiators to present extreme final offers. 3. Research clearly shows that final offer arbitration is more effective in getting the parties to agree on contract terms than conventional arbitration. 4. Negotiators sometimes begin to rely too heavily on arbitration as a means of settling their contract disputes, rather than working hard to come to their own agreement. This is known as the chilling effect.

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