In a bailment situation, the person who receives transfer of possession of property is the ________.

A) Transferor
B) Transferee
C) Novator
D) Bailor
E) Bailee

Transfer Of Possession

The act of moving control or ownership of an asset from one party to another.

Bailee

A Bailee is a person or entity that has temporary possession of someone else's property under a bailment agreement.

Bailor

A bailor is a person or entity that entrusts their property to another (the bailee) under a bailment agreement, where the property is to be returned or otherwise disposed of according to the bailment terms.