Which of the Following Scenarios Is Not an Example of a Bailment

question 12

Multiple Choice

Which of the following scenarios is not an example of a bailment?

• A)Renting a DVD from a video shop.
• B)Leaving clothes with a dry cleaner.
• C)Selling a car to a car yard.
• D)Borrowing a neighbour's lawnmower.

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Definitions:

Discount Date

The date on which a bill of exchange or other payment instrument is discounted, meaning it is computed for present value before its maturity date.

Freight Charge

A fee charged for the transportation of goods by freight services, often based on the weight and distance.

Cash Discount

A reduction in the price of goods or services offered to a buyer in order to encourage prompt payment.

Complement Rate

A term not recognized as a standard financial or mathematical key term, potentially an incorrect or niche terminology.