Which of these is an essential element of a bailment?

A) The bailee has no responsibility for the bailed property.
B) There has to be a written agreement between the two parties.
C) The bailee is allowed to make changes to the bailed property.
D) The bailor owns personal property or holds the right to possess it.

Bailment

A legal relationship in which physical possession of personal property is transferred from one party to another for a specific purpose, but ownership of the property is not transferred.

Written Agreement

a formal and legally binding contract documenting the terms of a deal or agreement between two or more parties.

Personal Property

Movable property that is not fixed to one location, such as furniture, vehicles, and electronic equipment, as opposed to real property like land or buildings.