What is NOT a characteristic of a bailment?

A key characteristic of a bailment is that it involves the transfer of possession, but not ownership, of personal property from one party (the bailor) to another (the bailee) for a specific purpose and for a limited time. The bailee has temporary control over the property but does not hold ownership rights.

The notion of ownership remaining with the bailor while the bailee has possession highlights the non-transferable nature of ownership in a bailment situation. For example, when you drop off your coat at a dry cleaner, you still own the coat, but the cleaner temporarily possesses it to provide a specific service.

In contrast, the other characteristics—temporary control, possession, and agreed terms—are all essential components that define a valid bailment. The agreement to transfer possession and the specified purpose for doing so are fundamental to the arrangement, emphasizing the temporary nature of the bailee's control over the property.