Janice took possession of a sailboat from SeaShore Boat Rentals. She paid a security deposit before using the boat and is to pay the balance when she returns it. This is an example of a _____.
A) lease
B) sale
C) gift
D) bailment
E) debt relief

Question

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The Answer of Janice took possession of a sailboat from SeaShore Boat Rentals. She paid a security deposit before using the boat and is to pay the balance when she returns it. This is an example of a _____.
A) lease
B) sale
C) gift
D) bailment
E) debt relief

Janice Took Possession of a Sailboat from SeaShore Boat Rentals