The Bailee is the party who receives property for safekeeping or a specific purpose.

• A. The owner
• B. The insurer
• C. The seller
• D. The party who receives property for safekeeping

Answer: (D)

Bailment describes the relationship that forms when someone is entrusted with another person’s property to hold for safekeeping or to use it for a specific purpose and then return it. The party who receives the property is the bailee. Examples include a dry cleaner holding clothing, a storage facility keeping goods, or a mechanic holding a car for repair. The owner (bailor) is the person who gives up possession, not the one in possession for safekeeping. The insurer and seller aren’t the bailee in this context—insurers handle risk transfer, and sellers transfer ownership or possession through sale. The bailee has a duty to exercise reasonable care and to return the property in its original condition (subject to normal wear and tear and any agreed terms). That’s why the correct description is the party who receives property for safekeeping or a specific purpose.