When a person acquires temporary possession of a chattel by arrangement with the owner, it is known as which of the following?
A) Fixture
B) Bailment
C) Consignment
D) Chose in action
E) Holder in due course

Question

Quizplus · Accepted Answer

Temporary possession of a chattel by arrangement with the owner is known as bailment. The other options do not refer to this specific situation.

When a Person Acquires Temporary Possession of a Chattel by Arrangement