Asked by Roshan Paudel on Jun 21, 2024
Verified
Because a warehouse company is a professional bailee, it is expected to exercise a high degree of care to preserve and protect bailed goods.
Professional Bailee
A person or entity specialized in the custody or management of others' property, often for a fee.
Warehouse Company
A warehouse company specializes in storing goods and merchandise in large buildings for manufacturers, importers, exporters, wholesalers, or logistic businesses.
Bailed Goods
Items that are temporarily handed over to someone else for custody or care, often with the expectation of return.
- Ascertain the impact of carelessness and the constraints on accountability in the context of bailment agreements.
Verified Answer
PK
Parisa KeivanJun 21, 2024
Final Answer :
True
Explanation :
As a professional bailee, a warehouse company is legally obligated to exercise a high degree of care towards the goods it stores on behalf of others, ensuring their preservation and protection.
Learning Objectives
- Ascertain the impact of carelessness and the constraints on accountability in the context of bailment agreements.