Which of the following occurs when a person uses labor and/or materials to add value to personal property belonging to another?

Question

Quizplus · Accepted Answer

Accession occurs when a person adds value to personal property belonging to another by using their labor and/or materials. This can include adding upgrades or improvements to the property, or using the property as a component in a larger project. The owner of the property retains ownership of the original property, but the value added becomes their own.

B) Bailment, C) An inter vivos gift, and D) A mutual-benefit bailment do not involve adding value to personal property through labor and materials, and therefore are not the correct choices for this question.

Which of the Following Occurs When a Person Uses Labor