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:

Pretax Income

The amount of income earned by an individual or corporation before taxes are deducted.

Benefits Principle

A taxation principle that states those who benefit from government services should pay in proportion to the amount they benefit.

Taxation

The system through which governments impose financial charges on citizens or corporates to fund public spending.

Tax Incidence

The study of the effect of a particular tax on the distribution of economic welfare, focusing on who ultimately pays the tax (the burden of the tax).