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

Question

Quizplus · Accepted Answer

Bailment involves the transfer of possession (but not necessarily ownership) of personal property from the bailor (owner) to the bailee (person who temporarily possesses the property). This transfer of possession can be for a variety of purposes, such as safekeeping or repair. Therefore, option A is the correct answer. The other options are incorrect because they either involve the transfer of ownership (consignment with transfer of title), are not necessary for bailment to arise (contract between bailor and bailee), or they are false (bailment can include chattel, which is another word for personal property).