Asked by
Jordan Pacheco
on Nov 10, 2024
Verified
Which of the following statements is correct with respect to the creation of a bailment?
A) For a bailment to be created, it is necessary for the parties to have anticipated that the property would be returned at the end of the bailment period.
B) For a bailment to be created, the property must be given with the understanding that payment would be given for the service.
C) Bailments can only be created through contracts.
D) A bailment is not created when the transfer of the property is only done incidentally, such as leaving a watch with a watchmaker for repair.
E) A bailment is the process provided for releasing people from jail before trial.
Bailment Period
The duration during which personal property is legally entrusted to someone who is not the owner, under a contract for a specific purpose.
Bailment
A legal relationship in common law where physical possession of personal property, or a chattel, is transferred from one person (the bailor) to another (the bailee) who subsequently has possession of the property.
Contract
A legally enforceable agreement between two or more parties that creates mutual obligations enforceable by law.
- Acquire knowledge of the legal principles underlying bailments, encompassing the obligations and entitlements of both bailors and bailees.
Verified Answer
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Learning Objectives
- Acquire knowledge of the legal principles underlying bailments, encompassing the obligations and entitlements of both bailors and bailees.