When a delivery of personal property (without transfer of title) by one person (i.e., bailor) to another (i.e., a bailee) occurs

Question

Kazeer [188]

2 years ago

11

When a delivery of personal property (without transfer of title) by one person (i.e., bailor) to another (i.e., a bailee) occurs

, this is:_________

Social Studies

1 answer:

Mnenie [13.5K] · Answer 1 · 2023-05-18T01:25:26+03:00

Such a scenario as described where a delivery of personal property (without transfer of title) by one person (i.e., bailor) to another (i.e., a bailee) occurs, is termed; Consignment.

<h3>What is a consignment?</h3>

The kind of bailment (transfer of a property from one person to the other for some time or some reasons) in which case, the ownership of the property in discuss remains with the manufacturer or wholesaler is termed Consignment.

It therefore follows from the paragraph above that the scenario described in the task content is termed Consignment as opposed to constructive bailment where only the symbol is transferred.