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Discuss Several  Instances Where a Bailee Need Not Return Bailed

question 16

Essay

Discuss several  instances where a bailee need not return bailed property in the same condition that it was delivered to him.


Definitions:

Inputs

Resources such as labor, materials, and capital used in the production process to create goods and services.

Output

The total amount of goods or services produced by a person, machine, company, or industry.

Diseconomies of Scale

Occur when a company or business grows so large that the costs per unit increase. It represents the negative counterpart to economies of scale.

Economies of Scale

The cost advantages that enterprises obtain due to their scale of operations, with cost per unit of output generally decreasing with increasing scale.

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