A bailment is a special kind of contract that is widely used in business and in:
A) personal affairs.
B) cultural activities.
C) academic research.
D) charitable institutions.

Question

Quizplus · Accepted Answer

Bailment is widely used in personal affairs and business transactions, such as renting a car or storage of goods. While bailments can theoretically be used in other contexts, they are not typically associated with cultural activities, academic research, or charitable institutions.

A Bailment Is a Special Kind of Contract That Is