Bank Safe Deposit Boxes Are Not Bailments Because Both the Bank

question 41

True/False

Bank safe deposit boxes are not bailments because both the bank and the bank customer must use their own keys to open the box.

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Definitions:

Reallocates Losses

describes the process of redistributing financial burdens or losses, often seen in insurance, investment, or risk management contexts, to adjust the impact on involved parties.

Trespass

An unauthorized intrusion on someone else's property or rights, which can be the basis for a legal claim.

Violate Rights

The act of infringing or breaching someone's legal rights.

Intentional Tort

A civil wrong resulting from actions taken deliberately to harm another person, rather than as a result of negligence or an accident.