Which of the following statements about safety-deposit boxes is false?
A)Most courts have concluded that the renter of the box is a bailor and the bank is a bailee.
B)The bank is not the insurer of the contents of the box.
C)The bank is obligated to use due care.
D)The bank is not required to explain loss of or damage to the property entrusted to it.

Question

Quizplus · Accepted Answer

Although a few courts have held that the rental of a safe-deposit box does not create a bailment,most courts have concluded that the renter of the box is a bailor and the bank is a bailee.As such,the bank is not an insurer of the contents of the box.It is obligated,however,to use due care and to come forward and explain loss of or damage to the property entrusted to it.

Which of the Following Statements About Safety-Deposit Boxes Is False