A bailee is someone: a. to whom you donate an item of personal property b. who temporarily cares for your personal property without passage of title c. who is also known as a buyer or lessee and can accept title of property

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Jonah Mata

Business

4 May, 15:34

A bailee is someone: a. to whom you donate an item of personal property b. who temporarily cares for your personal property without passage of title c. who is also known as a buyer or lessee and can accept title of property

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Jaron Holland · Answer 1

Answer: Option B

Explanation: In simple words, a bailey refers to a person to whom the owner of an asset transfers his or her property but do not provide bailee the ownership right of such asset.

The owner usually transfers the property for a specified period with the expectation that the bailed will take care of his or her asset.

Transferring of car keys to the valet while going in a party or a restaurant, for the purpose of parking the car is a prime example of bailer - bailee relationship.