In a bailment, who is the party that acquires possession but not the title of personal property?

Prepare for the Conference National Board – Arts Exam with flashcards and multiple choice questions. Each question includes reliable explanations. Gear up to ace your exam!

In a bailment, the party that acquires possession but not title to the personal property is known as the bailee. This legal relationship is characterized by a transfer of possession of goods from one individual to another, where the bailee has temporary custody or control over the property without obtaining ownership rights. The bailee is responsible for the property and must take care of it as per the terms of the bailment agreement.

On the other hand, the bailor is the party that owns the property and gives possession to the bailee. The assignor and bearer do not apply in the context of bailment, as they relate to different legal concepts regarding transfer of rights or documents. Understanding these roles is crucial in distinguishing the responsibilities and rights that each party holds in a bailment scenario.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy