Joe rents a unit at the local Stor-More storage complex and places a lock on the unit's door. Joe has created a bailment with Stor-More.

Question

Quizplus · Accepted Answer

A bailment involves the transfer of possession of personal property from one person to another, with the understanding that the property will be returned. Simply renting a storage unit and placing personal items inside does not create a bailment with the storage facility, as the facility does not take possession of the items.

Joe Rents a Unit at the Local Stor-More Storage Complex