A Bailment Is Created Even Though the Bailor Did Not

question 9

True/False

A bailment is created even though the bailor did not voluntarily deliver the property to the bailee.

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Definitions:

Processing Float

The time difference between when a check is written and when it is actually cleared and funds are deducted from the account.

Availability Float

The time gap between when a deposit is made into a bank account and when the funds become available for use.

Disbursement Float

The time lag between when a payment is made by a company and when the funds are actually removed from the company's bank account.

Electronically

Through the use of electronic devices or systems, especially over digital networks.