Question: If someone borrows his neighbor's car for the day while his own vehicle is being repaired, what type of bailment is created? Option A Bailment

If someone borrows his neighbor's car for the day while his own vehicle is being repaired, what type of bailment is created? Option A Bailment for the sole benefit of the bailor Option B Bailment for the sole benefit of the bailee Option C Bailment for the mutual benefit of the parties Option D None of the above

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

The birth weights of 35 babies whose mothers did not smoke and 22 babies whose mothers smoked were compared; weights were in grams. (Source: Smoking Mothers, Holcomb 2006, accessed via StatCrunch....

Mark Hadfield filed this action against Sam Gilchrist, d/b/a Gilchrists Service Center, and d/b/a Gilchrist Towing Company (Gilchrist) for damages sustained by Hadfields vehicle while impounded on...

1. What type of bailment was created when Gilchrist took possession of Hadfields car? Why is a determination about the type of bailment important? 2. Explain the burden of proof applicable in this...

Dennis takes his Mercedes to have the GPS system repaired. In the trunk of his car is a briefcase containing $5,000 in cash. Is the cash bailed goods? 12.1Introduction to Bailment Law Finally, we...

28 Joan went on vacation and asked her neighbor, Mike, to park his car on her carport so that it would appear that someone was home and deter theft. Mike was glad to do so because it got his car out...

Helen Caldicott raises a family and then begins a career as a caterer. As her business grows, she hires several employees and rents space near downtown that has a retail space, parking, and a garage...

Question 1 (0.5 points) Electronic commerce (E-commerce) legislation consists of: A) Laws specifying the time and place of an electronic contract formation B) Laws specifying the regulation of...

1)Billy works as a freelance writer for Big Books. Billy works in his own home and has contact with Big Books only to receive and return writing projects. Billy is a/an ___________ for Big Books a....

1.It is understood that most vegetation stays with a real property when sold. Which type of vegetation needs to be mentioned in a contract and have its ownership determined in writing upon the sale...

Using this story Is there a bailment created under these facts and why or why not? ho is the bailor? (in assumption that there is a bailment) who is the bailee? (in assumption that there is a...

In the following, identify the sentence fault (fragment, run-on, comma splice). Then revise to remedy the fault. 1. Although they began as a side business for Disney. Destination weddings now...

What flavor of Network Address Translation can be used to have one IP address allow many users to connect to the global Internet? A.NAT B.Static C.Dynamic D.PAT

What is the main difference between the CAPM ( Capital Assets Pricing Model ) and the divided growth model when it comes to calculating / explaining dividends and dividend policy

Q What is the function of anti-pumping in the circuit breaker?