An Involuntary Bailee

question 25

Multiple Choice

An involuntary bailee:

• A)has the right to destroy the property in any circumstance.
• B)has the right to use the property in any circumstance.
• C)is obliged to find the owner and return the property under any circumstance.
• D)is obliged to assume control of the property in certain circumstances.

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Definitions:

Net Proceeds

The amount of money remaining after all deductions, like expenses and taxes, are subtracted from the gross proceeds.

Weekly Salary

The total amount of money earned by an employee for work performed in a week.

Commission

A fee paid for services, usually a percentage of the total cost, to a person or company for conducting a transaction or service.

Dealer Price

The amount a dealer pays for a product or vehicle, which usually excludes any additional fees or markups before selling it to the end consumer.