Bailment
A)requires transfer of possession of personal property.
B)arises only from a contract between bailor and bailee.
C)is a consignment with transfer of title.
D)alters ownership of a specific item.
E)cannot include a chattel.

Question

Quizplus · Accepted Answer

Bailment requires transfer of possession of personal property. Ownership is not necessarily transferred, only possession is transferred temporarily from the bailor to the bailee. Bailment can arise from a contract or can be implied by law. It can include tangible personal property (chattel), but does not necessarily involve a transfer of title or ownership.