In bailment transactions,which of the following is most prominent?

Question

Quizplus · Accepted Answer

In bailment transactions, the transfer of risk is most prominent. This means that the custodian who has possession of the property is responsible for safeguarding it and protecting it from damages, losses, or theft. The bailor (owner of the property) retains ownership and control over the property, but the custodian has a duty to exercise care and diligence over it while it is in their possession. The preservation of economic value is also a consideration, but it is secondary to the responsibility of risk transfer. Proof and protection of ownership and retention of risk are not primary concerns in bailment transactions.

In Bailment Transactions,which of the Following Is Most Prominent