A bailment is a special kind of contract that is widely used in business and not in personal affairs.

Name: A bailment is a special kind of contract that is widely used in business and not in personal affairs.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A bailment can occur in both business and personal affairs, as it involves the transfer of possession of personal property from one person to another, with the understanding that the property will be returned or otherwise disposed of according to the owner's directions.

A Bailment Is a Special Kind of Contract That Is