An Agreement in Which a Suitcase Is Left with a Railroad

question 9

Multiple Choice

An agreement in which a suitcase is left with a railroad station checkroom is 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:

Interest Rate

The percentage of the principal amount charged by a lender to a borrower for the use of assets, typically expressed as an annual percentage rate (APR).

Equivalent

Equal in value, amount, function, meaning, etc., to something else.

Preceding January

The January that occurred immediately before the current date or specified event.

Retail Store

A business establishment that sells goods and services directly to consumers, typically at a markup from wholesale prices.