An arrangement in which the rightful possessor of personal property gives the property to someone who has agreed to hold the property and who has a duty to return it is known as:Question 2Select one:a.a treasure trove.b.a bailment.c.production.d.a donation.
Question
An arrangement in which the rightful possessor of personal property gives the property to someone who has agreed to hold the property and who has a duty to return it is known as:Question 2Select one:a.a treasure trove.b.a bailment.c.production.d.a donation.
Solution
The correct answer is b. a bailment. This term refers to the act of placing personal property or goods in the temporary custody or control of another. The person who temporarily takes control of the property has a duty to return it to the rightful owner once the purpose of the bailment has been fulfilled.
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