Business Law: Contract of Bailment and Pledge

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By OpulentLavender

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16 Questions

What is a bailment?

Who is the bailor in a contract of bailment?

Who is the bailee in a contract of bailment?

What are the essential elements of a contract of bailment?

What is the specific purpose of a bailment?

What is necessary for a bailee in a contract of bailment?

What rights does the bailor have if there is any loss to the goods due to baileeā€™s negligence?

What is the main difference between possession and ownership in a contract of bailment?

Under what conditions can a contract of bailment be voidable at the option of the bailor?

What is the bailee liable for if they make an unauthorized use of the goods bailed?

What are the duties of the bailor regarding the disclosure of defects in the goods?

How can a bailor terminate the contract of bailment if the bailee does any act inconsistent with the conditions of bailment?

What is the duty of the bailee regarding the return of the goods bailed?

What are the different modes of termination of bailment?

What are the duties of the bailee in a contract of bailment?

What rights does the bailee have in a contract of bailment?

Description

Test your knowledge on the contract of bailment and pledge in business law. Understand the definition, examples, and parties involved in a contract of bailment.

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