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In attempting to find and purchase high-quality cosmetics,Megan reminds herself that the most expensive brands are the best.Megan's self-reminder illustrates the use of
Bailor
An individual or entity that entrusts possession of goods or property to another (the bailee) under an agreement.
Bailment
A legal relationship in common law where physical possession of personal property, or a chattel, is transferred from one person to another who subsequently has possession of the property.
Personal Property
Movable assets owned by an individual or corporation, excluding real estate.
Agreed-Upon Manner
pertains to a method or process that all involved parties have mutually accepted or consented to follow.
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