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If a Person Permits a Neighbor to Borrow a Wheelbarrow

question 19

True/False

If a person permits a neighbor to borrow a wheelbarrow free of charge,a bailment for the benefit of the bailee has been created.


Definitions:

Actual Authority

The express or implied legal power granted by a principal to an agent to carry out specific tasks on the principal's behalf.

Real Estate Broker

A licensed individual or firm that acts as an intermediary between sellers and buyers of real estate.

Contract Sale

An agreement between a buyer and a seller where the payment for goods or services is extended over a period, often related to real estate transactions.

Unidentified Principal

A party in a transaction whose identity is not disclosed or known to the other parties involved.

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