A Bailment Implied by Law

question 43

Multiple Choice

A bailment implied by law

• A) is a result of an express agreement.
• B) must contain all the essential elements of a contract.
• C) occurs when you check a coat with a cloakroom attendant.
• D) occurs when you find a lost necklace.

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Definitions:

Probability

A measure of the likelihood or chance of an event occurring; a value between 0 and 1.

Probability

The measure of the likelihood that an event will occur, quantified as a number between 0 and 1, where 0 indicates impossibility and 1 indicates certainty.

Probability

An evaluation of the chance an event has to take place, using a scale from 0 to 1.

Probability Distribution

A mathematical function that describes the likelihood of obtaining the possible values that a random variable can assume.