In a bailment, the party who delivers the property to the bailee is the

Study for the Chartered Property Casualty Underwriter 530 Exam with flashcards and multiple choice questions. Each question has hints and explanations to enhance your understanding and prepare you thoroughly.

Multiple Choice

In a bailment, the party who delivers the property to the bailee is the

Explanation:
Delivering property to a bailee creates a bailment, which is a temporary transfer of possession for a specific purpose while ownership remains with the bailor. The party who delivers the property to the bailee is the bailor—the owner or lawful possessor who entrusts the item to someone else for care, use, or servicing under agreed terms. The bailee, by contrast, receives the property and holds it, with duties to protect and eventually return it. In other contexts, consignor and consignee describe shipment arrangements where goods are sent through carriers; they aren’t the general term for the person who delivers property into a bailment for storage or use. So the one who delivers to the bailee is the bailor.

Delivering property to a bailee creates a bailment, which is a temporary transfer of possession for a specific purpose while ownership remains with the bailor. The party who delivers the property to the bailee is the bailor—the owner or lawful possessor who entrusts the item to someone else for care, use, or servicing under agreed terms. The bailee, by contrast, receives the property and holds it, with duties to protect and eventually return it.

In other contexts, consignor and consignee describe shipment arrangements where goods are sent through carriers; they aren’t the general term for the person who delivers property into a bailment for storage or use. So the one who delivers to the bailee is the bailor.

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