Slim owns cattle, a pick-up truck, and stock in Range Corporation, which owns and operates the Big R Ranch. Capable of being involved in a bailment is
A)the cattle, the truck, and the stock.
B)the Big R Ranch.
C)Slim.
D)all of the choices.

Question

Quizplus · Accepted Answer

Bailment involves the temporary transfer of possession of personal property from one person to another, usually under a contract. The cattle and the truck, being tangible personal property, can be involved in a bailment. The stock in Range Corporation, being intangible personal property but still a form of personal property, can also be involved in a bailment. The Big R Ranch, being real property, and Slim, being a person, cannot be involved in a bailment in the context of the question.

Slim Owns Cattle, a Pick-Up Truck, and Stock in Range