Which of the Following Is a Mutual Benefit Bailment

question 10

Multiple Choice

Which of the following is a mutual benefit bailment?

• A) Renting a car
• B) Lending your car to a friend without receiving consideration
• C) Borrowing a car from a friend without paying consideration
• D) Buying a car
• E) Riding a bus

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Definitions:

Ordinary Shares

Shares of a company providing voting rights and entitling the holder to dividends, representing ownership in a corporation.

Financial Liabilities

Obligations that require a company to pay money to another entity, including loans, bonds payable, and accounts payable.