Asked by Manuel De Sousa on May 25, 2024
Verified
Which of these is an essential element of a bailment?
A) The bailee has no responsibility for the bailed property.
B) There has to be a written agreement between the two parties.
C) The bailee is allowed to make changes to the bailed property.
D) The bailor owns personal property or holds the right to possess it.
Bailment
A legal relationship in which physical possession of personal property is transferred from one party to another for a specific purpose, but ownership of the property is not transferred.
Written Agreement
a formal and legally binding contract documenting the terms of a deal or agreement between two or more parties.
Personal Property
Movable property that is not fixed to one location, such as furniture, vehicles, and electronic equipment, as opposed to real property like land or buildings.
- Discern the qualifications and responsibilities requisite in bailments, including the essential care procedures and accountability for damage.
Verified Answer
AA
Ahmad Abu-SalamehMay 29, 2024
Final Answer :
D
Explanation :
One essential feature of a bailment is that the bailor owns personal property or holds the right to possess it.
Learning Objectives
- Discern the qualifications and responsibilities requisite in bailments, including the essential care procedures and accountability for damage.