Asked by Khalifa Al Romaithi on Apr 26, 2024
Verified
In what respect is a bailment legally different from a sale?
A) Title does not transfer in a bailment.
B) Title transfers in a bailment,but no price is involved.
C) In both,there is a transfer of title,but in a bailment the title reverts to the bailor at the end of the bailment.
D) In a sale,the title transfer includes all rights of ownership,but in a bailment,the title transfer includes limited rights of ownership.
Bailment
A legal relationship where physical possession of personal property is transferred from one person to another with the understanding that the property will be returned.
Sale
A contract in which ownership of goods is transferred by the seller to the buyer for a price.
Title
Legal ownership of property, especially real estate or automobiles.
- Comprehend the distinctions in law between sales transactions and bailment agreements.
Verified Answer
FE
Farouk ElabbassiApr 28, 2024
Final Answer :
A
Explanation :
In a bailment, title does not transfer from the bailor to the bailee, whereas in a sale, title does transfer from the seller to the buyer.
Learning Objectives
- Comprehend the distinctions in law between sales transactions and bailment agreements.