When a person acquires temporary possession of a chattel by arrangement with the owner,it is known as which of the following?
A) holder in due course
B) chose in action
C) consignment
D) bailment
E) fixture

Question

Quizplus · Accepted Answer

The correct term for temporary possession of a chattel by arrangement with the owner is a bailment. A bailment occurs when the owner of personal property (the bailor) gives possession of the property to another person (the bailee) for a specific purpose under an agreement.

When a Person Acquires Temporary Possession of a Chattel by Arrangement