Which statement best characterizes the nature of most commercial bailment situations?
A) The bailee is liable for latent defects.
B) The standard of care is very high.
C) They typically benefit both the bailor and bailee.
D) The standard of care is very low.

Question

Quizplus · Accepted Answer

Commercial bailment situations usually involve an arrangement that benefits both the bailor (the person who hands over the property) and the bailee (the person who receives the property). This mutual benefit can be in the form of a service provided (like a repair or storage) in exchange for a fee.

Which Statement Best Characterizes the Nature of Most Commercial Bailment