A Constructive Bailment Means

question 50

Multiple Choice

A constructive bailment means

• A) that the bailee must exercise reasonable care.
• B) that the bailee must return lost or stolen property to its rightful owner.
• C) that the bailee may sell the property if it is not claimed.
• D) all of these.

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Definitions:

Compounded Semi-annually

An interest calculation method where interest is added to the principal balance twice a year, affecting the total interest earned or paid.

Retirement Fund

A savings plan or account that is set aside for the purpose of supporting an individual financially during their retirement.

Deferred Annuity

An insurance product that delays payments of income, installments, or a lump sum until the investor elects to receive them.

Compounded Annually

Interest calculation where the interest is added to the principal sum so that the added interest also earns interest from then on, done once a year.