Which of the Following Is a Valid Bailment

question 15

Multiple Choice

Which of the following is a valid bailment?

• A) babysitting your sister's child for the weekend
• B) house sitting your friend's house for the weekend
• C) feeding your neighbor's dog (who lives in the yard in a dog house) by tossing food over the fence
• D) putting your neighbor's car in your garage to shield it from a hail storm

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Definitions:

Drawer-payor Bank

Refers to the bank upon which a check is drawn and is responsible for paying the check when it is presented.

Banking Day

A business day during which financial institutions are open for conducting banking transactions.

Bank Statement

A bank statement is a summary of financial transactions that occurred over a certain period of time in a bank account, provided regularly by the bank to the account holder.

Transactions

The act of conducting business or commercial activities, often involving the exchange of goods, services, or funds.