Which of the following is characteristic of a bailment?
A)There is a separation of ownership and possession
B)A bailment must be a contract
C)It must last for an indefinite time
D)All of these

Question

Quizplus · Accepted Answer

In a bailment, the ownership and possession of the property are separated, as the owner (bailor) transfers possession to another (bailee) for a specific purpose. A bailment does not necessarily have to be a contract, nor does it have to last for an indefinite time.

Which of the Following Is Characteristic of a Bailment