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

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

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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 as taking clothes to the cleaners or leaving car to be serviced)
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BUS 121 UA 4-1 & 4-2 Answers from instructor - UNIT...

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