Temporary transfer of possession of personal property

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Reference no: EM133855319

Question

A bailment is a temporary transfer of possession of personal property a lease that is designed to facilitate the lessee"s acquisition of ownership of personal property a contract where a lessee pays for the use of a lessor"s personal property the right to retain possession of personal property until payment for service is received a contract where a lessee returns the property to the lessor when the term is up.

Reference no: EM133855319

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