Asked by Hassan ibrahim on Jun 23, 2024
Verified
In a bailment for consideration that is for the mutual benefit of both parties, what fundamental duty (or duties) does the bailor have toward the bailee?
A) Only the duty of compensation and reimbursement.
B) The duty of compensation and reimbursement, and the duty to warn the bailee of known defects or any that could have been discovered through reasonable investigation.
C) Only the duty to provide the bailee with property free from hidden defects that could harm the bailee.
D) Only the duty of compensation.
E) The duty of compensation and reimbursement, the duty to provide the bailee with property free from hidden defects that could harm the bailee, and the duty to keep accurate records of the transaction.
Bailment
The legal relationship created when personal property is transferred from one party to another under agreement that the property will be returned or otherwise disposed of according to the owner's directions.
Mutual Benefit
refers to a situation or action that provides advantages or positive outcomes to all parties involved.
Fundamental Duty
A basic or essential obligation that is imposed on an individual or entity by law, morality, or contract.
- Master the legal aspects of bailments, focusing on the entitlements and duties of both bailors and bailees.
Verified Answer
IC
IGBOJEKWE CHINOMNSOJun 26, 2024
Final Answer :
B
Explanation :
In a bailment for consideration, the bailor has the duty to warn the bailee of known defects or any that could have been discovered through reasonable investigation, in addition to the duty of compensation and reimbursement. This ensures the bailee can safely and effectively use the bailed property.
Learning Objectives
- Master the legal aspects of bailments, focusing on the entitlements and duties of both bailors and bailees.