Business Law Chapter 17 17-2 Bailor/Bailee Duties

The level of care a bailee must exercise over the goods is determined by

• the value of the bailed property

• whether a bailor is a merchant or not

• the type of the bailment

When both parties benefit from a bailment, it is a mutual-benefit bailment and the bailee's duty of care is ordinary.

• True

• False

When the bailment is only for the sole benefit of the bailor, the duty of care is minimal.

• True

• False

The bailee in an extraordinary bailment is strictly liable for loss or damage to the bailed goods.

• True

• False

Disclaimers are always valid and enforced.

• True

• False