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Anderson's Business Law and the Legal Environment 20th Edition by David Twomey,Marianne Jennings
Edition 20ISBN: 978-0324638189Anderson's Business Law and the Legal Environment 20th Edition by David Twomey,Marianne Jennings
Edition 20ISBN: 978-0324638189 Exercise 3
The topic of insurance has been eliminated from the content outline for the CPA exam as of October 2009. However, the exam lags behind the content change, so this topic may continue to appear on the exam for 6 to 18 months.
Which of the following requirements must be met to create a bailment?
I) Delivery of personal property to the intended bailee
II) Possession by the intended bailee
III) An absolute duty on the intended bailee to return or dispose of the property according to the bailor's directions
A) I and II only
B) I and III only
C) II and III only
D) I, II, and III
Which of the following requirements must be met to create a bailment?
I) Delivery of personal property to the intended bailee
II) Possession by the intended bailee
III) An absolute duty on the intended bailee to return or dispose of the property according to the bailor's directions
A) I and II only
B) I and III only
C) II and III only
D) I, II, and III
Explanation
Verified
Verified
In order to create a bailment only condi...
Anderson's Business Law and the Legal Environment 20th Edition by David Twomey,Marianne Jennings
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