When a person acquires temporary possession of a chattel by arrangement with the owner, it is known as which of the following?
A)Bailment
B)Fixture
C)Consignment
D)Chose in action
E)Holder in due course

Question

Quizplus · Accepted Answer

The definition given in the question describes the concept of bailment, which is a legal term used to describe a situation in which a person voluntarily entrusts their property to another person for a specific purpose or period of time.

When a Person Acquires Temporary Possession of a Chattel by Arrangement