The legal relation that arises when one person delivers possession of personal property to another under an express or implied agreement to return the property at a later date is called a:

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The definition given in the statement best describes a bailment. A bailment is a legal relationship created when one party temporarily gives possession of personal property to another with the understanding that the property will be returned at a later time. This typically arises in situations such as leaving a vehicle with a mechanic or leaving personal belongings in storage. A tenancy agreement, rental agreement, and trust arrangement do not involve temporary possession of personal property in the same way as a bailment.

The Legal Relation That Arises When One Person Delivers Possession