BUSINESS ADMINISTRATION
BUSINESS LAW
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Picks up goods in a reasonable time
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Provides reasonable care
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Provides remedies for breach
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Warrants merchantability
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Detailed explanation-1: -It is the duty of the bailor to accept the goods after the purpose for which such goods were bailed is accomplished. It is the duty of the bailor to indemnify the bailee for the cost incurred due to the defective title of goods bailed to the bailee.
Detailed explanation-2: -The term bailment refers to a legal relationship between two parties in common law, where assets or property are transferred from a bailor to a bailee. In this relationship, the bailor transfers physical possession of a piece of personal property to the bailee for a certain period of time but retains ownership.
Detailed explanation-3: -The bailor delivers the goods to the bailee to serve some purpose. The bailee is allowed to use the good only for that purpose. If the bailee uses the bailed good for some other purpose that is not authorized by the bailor, then the bailee is liable.
Detailed explanation-4: -164. Bailor’s responsibility to bailee.-The bailor is responsible to the bailee for any loss which the bailee may sustain by reason that the bailor was not entitled to make the bailment, or to receive back the goods, or to give directions respecting them.