Explain Why the Duty of Care and Hence Resulting Liability

question 27

Essay

Explain why the duty of care and hence resulting liability is greater in bailments for reward or payment than in gratuitous bailments.

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Definitions:

Middle Class

A socioeconomic group situated between the working class and the upper class, typically characterized by moderate to high income levels, educational attainment, and stable employment.

Upper Class

A social group at the top of a societal hierarchy, often possessing significant wealth, power, or influence.

Successful Business

A company or enterprise that achieves its goals, generates profit, and sustains positive growth over time.

Earned Wealth

Financial resources acquired through work, investment, or entrepreneurial ventures as opposed to inheritance.