(a) Is a lease of a mowing tractor a bailment? Explain.
(b) A warehouse contract requires that your equipment be stored in "warehouse 314." For its own convenience the warehouseman moves your equipment to warehouse 212, and your equipment is destroyed by a tornado that sweeps through town. Is the warehouse liable to you for the value of the equipment? What if the equipment had been destroyed in ware house 314? Would your answer be different? Because of these types of problems, what sort of arrangements do bailors and bailees often make regarding bailed goods?
(c) How are common carriers different from other sorts of bailees?
Acquiring Resources in a Property System