A bailment of personal property is a relationship that arises when one party, the ________, transfers possession of personalty to another, the ________, to be used by the bailee in an agreed-on manner for an agreed-on time period.
A) giver; taker
B) posseor; posesee.
C) donor; holder
D) bailor; bailee
E) donor; donee

Question

Quizplus · Accepted Answer

A bailment involves the transfer of possession of personal property from the bailor to the bailee, where the bailee has the authority to use the property as per the agreement but does not gain ownership of it.

A Bailment of Personal Property Is a Relationship That Arises