A bailment differs from a gift because:
A) a gift requires consideration, but a bailment does not.
B) a gift requires delivery, but a bailment does not.
C) in a bailment, only possession of the property is transferred to the bailee, whereas with a gift, both possession and ownership must pass to the donee.
D) a gift is always a contract, but a bailment is generally not a contract.

Question

Quizplus · Accepted Answer

In a bailment, the possession of the property is transferred to the bailee for a specific purpose, while the ownership remains with the bailor. In a gift, both possession and ownership must pass to the donee without any consideration. Therefore, a bailment differs from a gift in that only possession of the property is transferred, while ownership remains intact.

A Bailment Differs from a Gift Because