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Question
In a bailment, the bailee is liable for loss or damage to the bailed property while it is in the hands of the bailee:
A. under all circumstances; the bailee is the "insurer" of the goods.
B. only if the bailee intentionally causes harm or loss to the goods.
C. unless the bailee has given some consideration.
D. only if he has a personal interest in the safety of the property.
Answer
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Related questions
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Q:
The maximum penalty for a criminal violation of the 1933 Act is a:
A. $20,000 fine and one year imprisonment.
B. $10,000 fine and five years' imprisonment.
C. $20,000 fine and five years' imprisonment.
D. $10,000 fine and one year imprisonment.
Q:
Nast Corp. orally engaged Baker & Co., CPAs, to audit its financial statements. The management of Nast informed Baker that it suspected the accounts receivable were materially overstated. Although the financial statements audited by Baker did, in fact, include a materially overstated accounts receivable balance, Baker issued an unqualified opinion. Nast relied on the financial statements in deciding to obtain a loan from Century Bank to expand its operations. Nast has defaulted on the loan and has incurred a substantial loss. If Nast sues Baker for negligence in failing to discover the overstatement, Baker's best defense would be that:
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C. A securities broker who provides investment advice to retail investors.
D. An attorney who advises companies on corporation and business laws.