An example of a bailment contract is
A)personal service contract between a consumer and a merchant to drive a car.
B)contract to buy a computer server for a large company or University,
C)storage of grain in a common storage facility.
D)contract to install a roof on an existing home to replace a worn out roof..

Question

An example of a bailment contract is​
A)personal service contract between a consumer and a merchant to drive a car.
B)contract to buy a computer server for a large company or University,
C)storage of grain in a common storage facility.
D)contract to install a roof on an existing home to replace a worn out roof..

Quizplus · Accepted Answer

A bailment contract involves the transfer of possession of personal property from one person to another, with the understanding that the property will be returned. Storing grain in a common storage facility fits this definition, as the grain is physically handed over to be stored and is expected to be returned or disposed of according to the owner's instructions.

An Example of a Bailment Contract Is​

An Example of a Bailment Contract Is