________ occurs when purchased goods are in some kind of storage under the control of a third party, such as a warehouseman.
A) A goods-in-bailment contract
B) A third party delivery contract
C) An average bailment contract
D) A conditional goods in delivery contract
E) A goods-in-transfer contract

Question

Quizplus · Accepted Answer

A goods-in-bailment contract occurs when purchased goods are in storage under the control of a third party, such as a warehouseman, which involves a bailment arrangement where the third party holds the goods for the buyer until certain conditions are met.

________ Occurs When Purchased Goods Are in Some Kind of Storage