A bailment is different from a gift because
A)a gift requires consideration,but a bailment does not.
B)a gift requires delivery,but a bailment does not.
C)in a bailment,only possession of the property is transferred to the bailee,whereas with a gift,both possession and ownership must pass to the donee.
D)a gift is always a contract,but a bailment is generally not a contract.

Question

Quizplus · Accepted Answer

In a bailment, possession of the property is transferred to the bailee, but ownership remains with the bailor. In contrast, with a gift, both possession and ownership must pass to the donee. Therefore, a bailment is different from a gift in that ownership does not transfer in a bailment, but it does transfer in a gift.

A Bailment Is Different from a Gift Because