Asked by caswel mduduzi on Jul 20, 2024
Verified
An example of a bailment for the bailor's sole benefit is when Sherri, without compensation, lends her Cappuccino maker to Ed for Ed's party.
Bailor's Sole Benefit
Refers to a situation in a bailment where the benefit of the arrangement is exclusively for the bailor, with the bailee undertaking the responsibility without receiving any benefit.
Without Compensation
Performing an action or providing a service without receiving any form of payment or benefit in return.
- Comprehend the basic principles of bailment and understand the responsibilities and rights of the bailor and bailee.
Verified Answer
KS
Karol StephensJul 20, 2024
Final Answer :
False
Explanation :
In the given example, Ed is the beneficiary of the bailment as he will be using the Cappuccino maker for his party.
Learning Objectives
- Comprehend the basic principles of bailment and understand the responsibilities and rights of the bailor and bailee.