Which of the Following Is Not a Required Element of a Bailment

question 38

Multiple Choice

Which of the following is not a required element of a bailment?

• A) Personal property
• B) Delivery of possession
• C) Acceptance of possession by the bailee
• D) A written agreement

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Definitions:

Private Placement

The sale of securities to a relatively small number of select investors as a way of raising capital.

Angels

Affluent individuals who provide capital for business start-ups, often in exchange for convertible debt or ownership equity.

Wealthy Individuals

Affluent persons with significant disposable income, often targeted by companies or fund managers as potential investors in ventures or high-value products.

Formal Investors

Institutional or accredited investors who officially engage in funding businesses, typically through structured deals involving equity or debt financing.