Examlex
A promotional item offered to buyers of specific products is called ________.
Bailments
The temporary handover of control or possession of personal property by one party, the bailor, to another, the bailee, for a specific purpose.
Bailee's Sole Benefit
Bailee's sole benefit occurs when a bailment is made for the advantage of the bailee only, with no benefit accruing to the bailor.
Gratuitous Loan
A loan where the lender does not charge interest or fees, often made among family or friends or for charitable reasons.
Bailor's Sole Benefit
Refers to a situation in a bailment where the benefit of the arrangement is exclusively for the bailor, with the bailee undertaking the responsibility without receiving any benefit.
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