Asked by Keijenea labostrie on May 08, 2024
Verified
In a bailment for the sole benefit of the bailee , the bailee will be liable for even the slightest negligence in caring for the bailed property.
Sole Benefit
Refers to a financial or legal benefit intended exclusively for an individual or specific party.
Bailee
An individual or entity given temporary possession but not ownership of personal property by a bailor.
Bailed Property
Property given into the custody of another, termed the bailee, for a specific purpose under a contract.
- Comprehend the responsibilities and liabilities of the bailee in different types of bailments.
Verified Answer
MV
Maria ValdezMay 09, 2024
Final Answer :
True
Explanation :
In a bailment for the sole benefit of the bailee, the bailee is held to a high standard of care and will be liable for even the slightest negligence in caring for the bailed property, as the arrangement benefits only the bailee and not the bailor.
Learning Objectives
- Comprehend the responsibilities and liabilities of the bailee in different types of bailments.