For a Bailment to Be Found,the Following Must Be Established

question 52

Multiple Choice

For a bailment to be found,the following must be established:

• A)the bailor has delivered goods to the bailee,the bailee has accepted the goods and the bailee has returned goods to the bailor or passed them on.
• B)the bailor has delivered the goods to the bailee and the bailee has possession of goods.
• C)the bailor has delivered the goods to bailee and the bailee has returned the goods or has passed on the goods.
• D)the bailee has received delivery of goods and the bailee has possessed and returned or passed on the goods.
• E)None of these.

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Definitions:

Revised Uniform Partnership Act

The Revised Uniform Partnership Act provides an updated and standardized set of laws to govern the operation of partnerships within the jurisdictions that have adopted it.

General Partnerships

A legal formation where two or more individuals engage in business operations, sharing profits, liabilities, and managerial duties equally or according to an agreed-upon contract.

Limited Liability Partnership

A partnership where some or all partners have limited liabilities, protecting individual partners from debts against the partnership.

Fraud

A deliberate deception made for personal gain or to damage another individual.