Asked by marta kebede on May 12, 2024
Verified
Many bailments do not include all of the elements of a contract.
Bailments
A legal relationship in which physical possession of personal property is transferred from one person to another under agreement.
Contract
A binding accord between two or more parties that is legally recognized and includes mutual commitments.
- Comprehend the elements of bailment and how they relate to contract elements.
Verified Answer
HS
Harmin SinghMay 14, 2024
Final Answer :
True
Explanation :
Bailments can occur without all the elements of a contract, such as consideration, because they can be based on the mere transfer of possession of personal property with the intent to return it.
Learning Objectives
- Comprehend the elements of bailment and how they relate to contract elements.