Which of the Following Is False Regarding Bailments

question 40

Multiple Choice

Which of the following is false regarding bailments?

• A) A bailment may be gratuitous.
• B) A bailment may be for consideration.
• C) A bailment agreement must be contained in a written agreement.
• D) The parties to a bailment contract can limit or expand the liability of the bailee by contract.
• E) The standard of care varies depending on who benefits from the bailment.

Comprehend the objectives and strategies for achieving organizational sustainability.

Familiarize with the legal protections offered to whistle-blowers under laws such as the Sarbanes-Oxley Act.

Grasp the concept of corporate social responsibility and its implications for organizational behavior and management.

Understand the steps involved in taking action against unethical behavior in the workplace.

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Definitions:

Joint Ventures

Business arrangements where two or more parties collaborate on a project, sharing risks and rewards.

Trading Blocs

Regional groups of countries that have agreed to reduce trade barriers among themselves, such as tariffs and import quotas, to encourage trade and economic cooperation.

Liability of Foreignness

The inherent disadvantages that foreign firms experience in host countries due to their non-native status.

Licensing Agreements

Contracts in which one party (the licensor) permits another party (the licensee) to use rights to intellectual property, technology, or product lines.