A Bailment in Which Only the Person Who Borrows an Article

question 41

Multiple Choice

A bailment in which only the person who borrows an article (bailee) gets the benefit is known as a:

• A) bailment for the sole benefit of the bailee.
• B) bailment for the sole benefit of the bailor.
• C) mutual-benefit bailment.
• D) constructive bailment.

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Definitions:

Satisfaction

The agreed-to settlement as contained in an accord.

Promises Under Seal

Legally binding agreements marked with a seal, signifying a formal commitment beyond a standard contract.

UCC

Stands for the Uniform Commercial Code, a comprehensive set of laws governing all commercial transactions in the United States.

Unconscionable

Describing actions or conditions that are so unfair or immoral that they shock the conscience, often leading to legal invalidation.