Asked by Callie Little-Davis on May 11, 2024
Verified
In order to create a bailment,the bailor and bailee need not agree in writing to the existence of the bailment.
Bailment
A legal relationship where physical possession of personal property is transferred from one party to another, with the understanding that the property will be returned.
Writing
The act or process of producing and recording words in a form that can be read and understood; typically involves the use of a pen, pencil, or keyboard.
Bailee
A person or entity to whom goods are entrusted for a specific purpose by the bailor, who owns the goods.
- Acquire knowledge on the subject of bailment and its resultant effects.
Verified Answer
TH
Trinity HerrinMay 15, 2024
Final Answer :
True
Explanation :
A bailment is created by an express or implied contract.
Learning Objectives
- Acquire knowledge on the subject of bailment and its resultant effects.