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:

Refusal To Pay

The act of deliberately not making a payment that is due, typically in the context of bills, debts, or other financial obligations.

Endorsement

The act of signing one's name on the back of a check or other negotiable document, transferring its legal title or rights to another individual or entity.

Transfer Warranties

Guarantees provided by a seller regarding the legality of transferring ownership of goods.

Transferee

is an individual or entity that receives the transfer of property, rights, or interest from another.