Which of the following is true of a bailment?
A) Only personal property can be used in a bailment.
B) Intangible property cannot be used in a bailment.
C) Only physical deliveries can become a bailment.
D) All bailments must be expressed in writing to be effective.

Question

Quizplus · Accepted Answer

A bailment can only involve personal property, which means tangible items that are not real estate or fixtures. Intangible property, such as intellectual property, cannot be used in a bailment.

Answer: C 
 The term "delivery" is often used in relation to bailments, but it does not necessarily have to be a physical delivery. For example, a bailment can occur when someone is given the password to an online account, which would not involve a physical delivery.

Answer: Neither B nor D 
 While intangible property cannot be used in a bailment (as noted in answer A), it is not true that all bailments must involve physical deliveries (as noted in answer C). In terms of the requirement for a written agreement, some types of bailments do require a written agreement (such as those involving expensive or dangerous items), but it is not a universal requirement for all bailments.

Which of the Following Is True of a Bailment