Both individuals and businesses sometimes need to place articles in storage and they, thereby, enter into a bailment known as a:

Question

Quizplus · Accepted Answer

The question explicitly mentions that individuals and businesses sometimes need to place articles in storage, which is a clear indication of a bailment for storage. A constructive bailment refers to a situation where the bailee already has possession of the property but becomes a bailee by accident or operation of the law. A common-carrier bailment involves the transportation of goods from one place to another, while a parking-lot bailment pertains to the temporary storage of a vehicle in a parking lot. Hence, the best choice is (C) bailment for storage.

Both Individuals and Businesses Sometimes Need to Place Articles in Storage