Which of these elements determine the existence of a bailment?
A)A separation of ownership and possession of the property.
B)A duty on the party in possession to redeliver the property to the owner or to dispose of it according to the owner's directions.
C)Neither of the above.
D)Both (a) and (b) are correct.

Question

Quizplus · Accepted Answer

A bailment exists when there is a separation of ownership and possession of the property (a) and the party in possession has a duty to either redeliver the property to the owner or dispose of it according to the owner's directions (b). Therefore, both (a) and (b) are necessary elements for the existence of a bailment.

Which of These Elements Determine the Existence of a Bailment