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Choose the Most Appropriate Description for Each Term

question 61

Multiple Choice

Choose the most appropriate description for each term
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Definitions:

Foreseeable Harm

Damage or injury that a reasonable person should be able to predict or anticipate as a likely result of their actions or omissions in a given set of circumstances.

Gratuitous Bailment

A bailment relationship where the bailee agrees to hold goods without receiving any form of payment, purely out of goodwill.

Bailee

A bailee is a person or party who has been entrusted with the temporary possession of goods or property belonging to another (the bailor) without transfer of ownership.

Transfer of Securities

The act of moving ownership of stocks, bonds, or other securities from one party to another.

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