CPA QUESTION: Which of the following requirements must be met to create a bailment? I. Delivery of personal property to the intended bailee. II. Possession by the intended bailee. III. An absolute duty on the intended bailee to return or dispose of the property according to the bailor's directions.
a. I and II only.
b. I and III only.
c. II and III only.
d. I, II, and III.
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