Asked by Ashlee Tennell on Jun 26, 2024
Verified
The ________ is the person who transfers possession of personality in a bailment situation.
A) Transferor
B) Transferee
C) Novator
D) Bailor
E) Bailee
Bailor
An individual who temporarily entrusts possession of personal property to another, known as the bailee, under a bailment agreement.
Transfers Possession
The act of passing the physical control or ownership of an item, property, or asset from one party to another.
Personality
The combination of characteristics or qualities that form an individual's distinctive character and psychological identity.
- Understand the legal structures that govern bailments, along with the responsibilities and privileges of bailors and bailees.
Verified Answer
EV
Eduardo VillaseñorJul 02, 2024
Final Answer :
D
Explanation :
The bailor is the person who transfers possession of personal property to another (the bailee) in a bailment situation.
Learning Objectives
- Understand the legal structures that govern bailments, along with the responsibilities and privileges of bailors and bailees.