Dazzle Products Corporation contracts with Excel Trucking Company to take goods to Flight Airlines,Inc. ,with Flight to transport the goods to a Geo Storage Company warehouse.Excel,Flight,and Geo each acknowledge possession of the goods by a document of title.Excel,Flight,and Geo are
A)bailees.
B)consignees.
C)lessees.
D)sellers.

Question

Quizplus · Accepted Answer

Excel, Flight, and Geo all acknowledge possession of the goods by a document of title, which makes them bailees (i.e. temporary custodians of the goods). Consignees receive goods for the purpose of selling them on behalf of the owner, which is not the case here. Lessees rent property but do not necessarily have possession of the property, and sellers transfer ownership of goods in exchange for payment.

Dazzle Products Corporation Contracts with Excel Trucking Company to Take