A transaction in which an owner transfers his or her personal property to another to be held, stored, or delivered, or for some other purpose is known as a ________.

Question

Quizplus · Accepted Answer

A bailment is a legal relationship in which an owner transfers his or her personal property to another person to be held, stored, or delivered, or for some other purpose. The person who receives the property is known as the bailee, and has a duty to return the property to the owner at the end of the bailment.

A Transaction in Which an Owner Transfers His or Her