A Bailment Where Money Is Paid by One Party to the Other

question 148

Multiple Choice

A bailment where money is paid by one party to the other is usually described as:

• A) solely for the benefit of the bailor.
• B) solely for the benefit of the bailee.
• C) for the mutual benefit of the bailor and the bailee.
• D) solely for the benefit of the bailor or bailee, depending on who receives the money.
• E) solely for the benefit of the bailee, but only if the bailor did not advertise.

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Definitions:

Stratigraphic Timeline

A chronological ordering of layered sedimentary rocks, representing the sequential events in the Earth's geologic history.

Mesozoic Era

A major subdivision of geologic time from 251 million years ago (Ma) to 65 Ma; characterized by dinosaurs.

Jurassic Period

A geologic period and system that occurred about 201 to 145 million years ago, known for the prevalence of dinosaurs and the breakup of the supercontinent Pangea.

Numeric Age

Geologic age of a rock, sediment, fossil, or event calculated in thousands, millions, or billions of years before present; synonym: absolute age.