Chapter23_Answers - Chapter 23 Assessment Answers Matching...

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Chapter 23 Assessment Answers Matching Key Terms 1. b 4. g 7. c 10. a 2. h 5. i 8. j 3. e 6. f 9. d True/False Quiz 11. F 14. F 17. F 20. F 23. F 12. T 15. F 18. T 21. F 24. F 13. T 16. T 19. F 22. F 25. F Discussion Questions 26. Six typical reasons for a bailment are sale, transportation, repair or service, rental, storage, and security for a loan. 27. To create a bailment, the transfer of goods from bailor to bailee must actually occur. Unless there is some other understanding, the bailee must actually accept the goods. Except for bailment that requires alteration, such as a suit left for cleaning and alterations, or when fungible goods, such as grain or fuel oil, are stored, the identical goods must be returned. 28. Bailments are often classified into four categories: (1) bailments for the sole benefit of the bailee, such as when you borrow a calculator from a friend; (2) bailments for the sole benefit of the bailor, such as when you agree to store a friend’s car in your garage; (3) bailments for the benefit of both the bailee and the bailor—also called mutual-benefit bailments—such as when you leave your car in a parking garage; and (4) constructive bailments, such as when an umbrella is unintentionally left in your home. 29.
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Chapter23_Answers - Chapter 23 Assessment Answers Matching...

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