Asked by Logan Sisson on Jun 19, 2024
Verified
In a bailment for the sole benefit of the bailor , the bailee need not exercise even a slight degree of care in preserving the bailed property.
Sole Benefit
Pertains to actions or provisions designed to favor a single person or entity exclusively.
Bailee
A person or entity who is given temporary possession but not ownership of a property or goods for a specific purpose.
Bailed Property
Property that is in the custody of one party but belongs to another, under an agreement for its return or safeguarding.
- Understand the duties and legal obligations of the bailee across various categories of bailment agreements.
Verified Answer
AS
Akashdeep singhJun 21, 2024
Final Answer :
False
Explanation :
In a bailment for the sole benefit of the bailor, the bailee is still required to exercise a slight degree of care in preserving the bailed property. Neglecting this duty can lead to liability for any damages to the property.
Learning Objectives
- Understand the duties and legal obligations of the bailee across various categories of bailment agreements.