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Perry gives Rachel a phone as a gift. Rachel develops a new app for the phone, obtains intellectual property protection, and forms QuikApps, LLC, to

Perry gives Rachel a phone as a gift. Rachel develops a new app for the phone, obtains intellectual property protection, and forms QuikApps, LLC, to sell it. Rachels acquisition of the app is by?

	a.	?a bailment.
	b.	?possession.
	c.	?production.
	d.	?gift.

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