The Subject of a Bailment Could Be

question 47

Multiple Choice

The subject of a bailment could be

• A) a bicycle.
• B) a jacket.
• C) a set of china.
• D) all of these.

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Definitions:

Electronic Funds Transfer

Electronic Funds Transfer (EFT) is the digital transfer of money from one bank account to another without any paper money changing hands.

Collect Bills

The action of requesting and receiving payment for goods or services rendered, often by companies or creditors.

Lockbox

An address, usually a commercial bank, at which a company receives payments in order to speed collections from customers.