Jana loans a leather jacket to Brenda. Brenda must return the jacket to Jana in one week. This arrangement is called a/an:

Question

Quizplus · Accepted Answer

The arrangement described in the question is a bailment, which is a legal relationship in which a person ("bailee") temporarily takes possession of someone else's property ("bailor") and is responsible for returning it in the same condition. This is the correct choice because a mortgage involves a loan of money for real estate, an agency rent is not a recognized legal term, and an assignment involves the transfer of rights or duties.

Jana Loans a Leather Jacket to Brenda