Under what circumstances do the rights and responsibilities relating to a storage bailment apply?
A) when standard charge terms limit liability
B) when the property has been returned in the same condition as delivered
C) when the bailor retains possession of the keys
D) when the arrangement meets the definition of a bailment

Question

Quizplus · Accepted Answer

Storage bailment rights and responsibilities apply when the arrangement between the parties meets the definition of a bailment, which involves the transfer of possession of property from one party (the bailor) to another (the bailee) for a specific purpose, with the expectation that the property will be returned.

Under What Circumstances Do the Rights and Responsibilities Relating to a Storage