Which of the Following Statements Is True of Bailments

Multiple Choice

Which of the following statements is true of bailments?

A) The person who transfers possession of personal property to another is the bailee.
B) If the bailment is for the mutual benefit of both parties, the bailee is liable for damage to the property caused by the bailee's gross negligence.
C) If the bailment is for the mutual benefit of both parties, then both the bailor and the bailee share responsibility for the damages due to negligence.
D) The parties to a contract cannot limit the liability of the bailee.