Asked by Annika Hogstrom on Jun 24, 2024
Verified
The bailee has the right to be compensated according to the terms of the bailment, unless the bailment is gratuitous.
Bailee Compensation
The payment made to a bailee for the service of temporarily holding or storing the bailor's property.
Gratuitous Bailment
A legal relationship where one party, the bailor, temporarily transfers possession of an item to another, the bailee, without expectation of payment or benefit.
- Comprehend the legal necessities and impacts of bailments, covering the rights and responsibilities of bailors and bailees.
Verified Answer
TL
Timothy LawrenceJun 27, 2024
Final Answer :
True
Explanation :
In a bailment agreement, the bailee has the right to be compensated for their services according to the terms agreed upon, unless the bailment is gratuitous, meaning it is done without expectation of payment.
Learning Objectives
- Comprehend the legal necessities and impacts of bailments, covering the rights and responsibilities of bailors and bailees.