Discuss Whether or Not the Following Common Transactions Are Bailments

question 29

Essay

Discuss whether or not the following common transactions are bailments and if so,who is the bailor/bailee,and what type of bailment is involved.
A)Renting storage space in Farmer's Frank's huge barn to keep your classic car out of the snow and ice of winter.The rental agreement provides for $100/month rent and Farmer Frank has the only access to the barn.
B)Hiring a moving company to move your belongings to a new residence.
C)Loaning your lawn mower to your neighbor.
D)Parking your car in a "park and lock" parking lot.

• A)Renting storage space in Farmer's Frank's huge barn to keep your classic car out of the snow and ice of winter.The rental agreement provides for $100/month rent and Farmer Frank has the only access to the barn.
• B)Hiring a moving company to move your belongings to a new residence.
• C)Loaning your lawn mower to your neighbor.
• D)Parking your car in a "park and lock" parking lot.

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Definitions:

Paper Money

Currency in the form of paper notes issued by a government or central bank and recognized as legal tender for transactions.