Give an account of the duration and termination of bailments
What will be an ideal response?
A bailment generally expires at a specified time or when a certain purpose is accomplished. A bailment for a fixed term terminates at the end of the term or sooner, by mutual consent of the parties. A party who terminates a bailment in breach of the bailment agreement is liable to the innocent party for damages resulting from the breach. A bailment without a fixed term is called a bailment at will. A bailment at will can be terminated at any time by either party. Gratuitous bailees can generally terminate a fixed-term bailment prior to expiration of the term. Upon termination of a bailment, the bailee is legally obligated to do as the bailor directs with the property.
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In the Hersey/Blanchard approach, the focus is on the ______.
a. the process by which leaders make decisions b. nature of the decisions that are actually made c. process by which followers make decisions d. results and effects of the decisions that are made
In comparison to lifestyles, demographics are _____
a. easier to measure b. more likely to be profiles c. more difficult to measure d. growing at a faster rate
Carol, who is planning to move out of town, offers to sell her sofa to her friend Betty for $750. Betty says, "I'll take it, and I would like you to throw in the coffee table along with it." Under Article 2 of the UCC, Carol and Betty have: A) no contract, because of the mirror image rule
B) no contract because Carol did not accept Betty's counteroffer. C) a contract for both the sofa and coffee table. D) a contract for the sofa only.
To recover damages, a buyer must give the seller notice of the breach within three (3 ) days
Indicate whether the statement is true or false