The Answer is C. an express bailment.
Why is bailment important?
A bailment involves the contractual transfer of property or assets from a bailor, who temporarily relinquishes possession but not ownership, to a bailee.
Bailment represents a legal relationship wherein the physical possession of a personal property or chattel is transferred from one individual to another individual who will subsequently get the property's possession but not the entire ownership.
Three elements necessary for the existence of a bailment: delivery, acceptance, and consideration.
There are three types of bailments—those that benefit only the bailor, those that benefit both parties, and those that only benefit the bailee.
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