Wally Asks Eddie If He Can Store His Furniture in Eddie's

question 72

Multiple Choice

Wally asks Eddie if he can store his furniture in Eddie's garage while he serves a tour of duty with the U.S.Marines Corps.Eddie agrees.This is

• A)a bailment.
• B)accession.
• C)a gift.
• D)lost property.

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Definitions:

Torts

Civil wrongdoings recognized by law as grounds for a lawsuit, resulting in injury or harm constituting the basis for a claim by the injured party.

Independent Contractor

An individual or entity contracted to perform work for another entity as a non-employee, often with greater control over their work processes.

Nonemployee Agent

An individual or entity that acts on behalf of another person or entity in a specific role or capacity but is not considered an employee for legal and tax purposes.

Fiduciary Duty

An obligation to act in the best interest of another party. For instance, a corporation's board member has a fiduciary duty to the shareholders.