Asked by
Kayla Parsons
on Nov 10, 2024
Verified
When a person acquires temporary possession of a chattel by arrangement with the owner, it is known as which of the following?
A) Holder in due course
B) Chose in action
C) Consignment
D) Bailment
E) Fixture
Temporary Possession
The condition of holding or controlling property or goods for a limited period without claiming ownership.
Chattel
Assets that can be physically relocated, unlike immovable real estate or land.
Bailment
Temporary possession by one person of chattels owned by another.
- Familiarize oneself with the legal context of bailments, covering the rights and responsibilities of bailors and bailees.
Verified Answer
AS
Learning Objectives
- Familiarize oneself with the legal context of bailments, covering the rights and responsibilities of bailors and bailees.