The temporary transfer of a property's custody.

• A. Warehouse receipt
• B. Bailment
• C. Carrier
• D. Implied warranty of title

Answer: (B)

Bailment is the temporary transfer of possession of personal property to another party for a specific purpose, with the obligation to return the property or its equivalent. In this scenario, the owner entrusts custody to someone else for a defined reason and expects the property back, which is exactly what bailment describes. The bailee must take reasonable care of the property and return it as agreed, or its value or equivalent.

A warehouse receipt is only a document acknowledging receipt and storage of goods, not the act of transferring custody itself. A carrier refers to the service of moving property and may involve a bailment, but the term describes the service, not the custody transfer concept. Implied warranty of title concerns ownership rights and the seller’s obligation to transfer title, not the custody or possession of the property.