Which of the Following Is False Regarding Bailments

question 40

Multiple Choice

Which of the following is false regarding bailments?

• A) A bailment may be gratuitous.
• B) A bailment may be for consideration.
• C) A bailment agreement must be contained in a written agreement.
• D) The parties to a bailment contract can limit or expand the liability of the bailee by contract.
• E) The standard of care varies depending on who benefits from the bailment.

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Definitions:

General Favorable

An overall positive or advantageous condition or situation.

Relevant Material

Content or information that is directly related to the topic at hand and contributes to its understanding or discussion.

Order Acknowledgment

A formal confirmation from a seller to a buyer acknowledging the receipt and detailing the specifications of an order.

Goodwill Note

A written communication expressing gratitude, goodwill, or kindness, often used in professional settings to maintain positive relationships.