What do bailments NOT transfer?

In the context of bailments, the key concept to understand is that a bailment involves the temporary transfer of possession of personal property from one party (the bailor) to another (the bailee) under the agreement that the property will be returned or otherwise disposed of according to the bailor's instructions.

The correct answer highlights that bailments do not transfer ownership of the property. The bailee has possession and control over the property during the bailment but does not gain ownership of it. Ownership remains with the bailor throughout the period of the bailment. This distinction is critical, as it underscores the nature of the relationship between the bailor and bailee where the bailee is responsible for the property but does not have a claim to ownership.

The other choices reflect aspects of bailments that may change. For instance, possession is indeed transferred to the bailee, and depending on the type of bailment, liability can also shift to the bailee, who may be responsible for damages to the property while it is in their care. However, ownership, which includes legal rights to the property itself, is retained by the bailor in a bailment situation. This vital understanding of ownership versus possession is central to legal discussions about bailments