Whenever one person turns over property to another with the understanding that certain work is to be performed on the property, a ___________ for work and services is created.
A) promise
B) pledge
C) bailment
D) mortgage

Question

Quizplus · Accepted Answer

When property is turned over with the understanding that work is to be done on it, a bailment for work and services is created. This means that the person who now has possession of the property is responsible for performing the agreed-upon work and returning the property to its rightful owner once the work is complete. A promise refers to a verbal or written commitment to do something, a pledge is a promise to give something as security for a debt, and a mortgage is a loan that uses property as collateral.

Whenever One Person Turns Over Property to Another with the Understanding