A ________ of personal property is a relationship that arises when one party transfers possession of personality to another to be used in an agreed-upon manner for an agreed-upon time period.
A) Bailment
B) Transfer
C) Loan
D) Release
E) Lease

Question

Quizplus · Accepted Answer

A bailment involves the transfer of possession of personal property from one party to another, with the understanding that the property will be returned or otherwise disposed of according to the owner's directions once the purpose of the bailment is fulfilled.

A ________ of Personal Property Is a Relationship That Arises