Asked by
Archana Madhu
on Nov 23, 2024Verified
A bailee for reward
A) has a duty to protect the goods from theft.
B) has a duty to use all reasonable care in respect of the goods while in its possession.
C) will not be found liable where the goods are damaged or lost without evidence of fault on behalf of the bailee.
D) has a duty to protect the goods from theft and has a duty to use all reasonable care in respect of the goods while in its possession.
E) All of the responses are correct.
Reasonable Care
The standard of care that a reasonably prudent person would observe under a given set of circumstances.
Bailee for Reward
A bailee for reward refers to an individual or entity that has temporary possession of someone else’s property in exchange for payment, bound to take care of the property.
- Master the concept of liabilities and roles of bailors and bailees in different situations.
- Review the legal shields in place for assets under contracts of bailment.
Verified Answer
BL
Learning Objectives
- Master the concept of liabilities and roles of bailors and bailees in different situations.
- Review the legal shields in place for assets under contracts of bailment.
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