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What Is the Importance of the Classification of Bailments Based

Question 131

Multiple Choice

What is the importance of the classification of bailments based on who benefits from the bailment?


A) Such classification determines if compensation must be paid.
B) Such classification determines the degree of care that the bailee owes in terms of care for the property.
C) Such classification determines if the bailee is obligated to return the bailed property.
D) Such classification determines who must provide insurance for the bailed property.
E) Such classification determines under what circumstances the bailee is strictly liable for the property.

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