Question $1(10$ points$)$

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Lacy set her textbook under her chair in her business law class and then forgot to take it with her when she left the classroom. A janitor later discovered the textbook and gave it to the Dean of the Business College. In this situation,

$$ a$)$ the college is a constructive bailee, obligated to return the textbook to Lacy, and until it does, it is liable for harm to the property.

$$ b$)$ the college is a bailee by agreement because holding items in a lost and found box is generally part of the college$-$student agreement when the student enrolls for classes.

$$ c$)$ the college is responsible for the discovered textbook because in this situation, the college is subject to implied warranties unless the college has disclaimed such warranties in the student handbook.

$$ d$)$ this is a bailment for the sole benefit of the bailee.