A bailee's interest in the bailed property can be characterized as:
A) ownership.
B) a fractional proprietary interest.
C) possession.
D) constructive ownership.

Question

Quizplus · Accepted Answer

A bailee's interest in the bailed property is that of possession only. The bailee does not have ownership or a fractional proprietary interest in the property, but rather has temporary possession and control over it for a specified period of time. Similarly, the bailee does not have constructive ownership, as they are not considered the legal owner of the property.

A Bailee's Interest in the Bailed Property Can Be Characterized