BUS 121 UA 4-1 & 4-2 Answers from instructor - UNIT...

UNIT 4-1
1. List 3 types of bailments. mutual benefit (most common);
benefit of bailor; benefit of bailee (bailee borrows something of
bailor)
2. Who are the parties in a bailment and what are their
responsibilities? bailor, the owner, who must be willing to give
personal property to bailee, and the bailee, who takes
possession of the property and must satisfy the bailor upon
completion of the bailment (return of the property to bailor or
disposition of property at bailor's request). in a
mutual benefit bailment, the bailor may have to compensate the
bailee for their services.
3. Why is money deposited in a bank not bailed property? it is a
loan to the bank, and the bank cannot possibly return exactly the
same money.
4. Why are disclaimers of public liability not upheld by the
courts? they are against the public good; violate public policy.
5. Describe a bailment where you were a bailor and you paid the
bailee for their services. (student gives personal example - such