In a Bailment Case, the Plaintiff Bailor Has the Burden

question 15

True/False

In a bailment case, the plaintiff bailor has the burden of proving that a loss was caused by the defendant bailee's failure to exercise due care.

---

Definitions:

Journal Entry

A record in accounting that notes the details of a financial transaction in terms of debits and credits to the accounts.

Discount on Bonds Payable

The difference between the face value of a bond and its selling price when the bond is sold for less than its face value.

Bonds Payable

Long-term liabilities represented by promissory notes issued by a company to raise capital, to be repaid at a future date.

Installment Note

A debt instrument that requires the borrower to make regular payments (installments) of principal and interest over a set period until the total debt is paid.