Final answer:
b) A bailment involves a transfer of possession, not ownership.
A bailment is different from a sale in that it involves the transfer of possession without the transfer of ownership, as opposed to a sale, which involves the transfer of both possession and ownership.
Step-by-step explanation:
In what respect is a bailment legally different from a sale?
The correct answer is b) A bailment involves a transfer of possession, not ownership. In a bailment, one party (the bailor) temporarily transfers physical possession of a personal property to another party (the bailee), while retaining ownership. The bailee has a duty to return the property after the purpose of the bailment is fulfilled. Examples of bailment include renting a car or storing furniture in a warehouse.
On the other hand, a sale is represented by option d) A sale involves a transfer of both possession and ownership. In a sale, there is a permanent transfer of both the ownership and the possession of a property or item from the seller to the buyer once the agreed price is paid.
An example of a sale is buying a book from a bookstore. Once the transaction is complete, the buyer owns the book and the seller has no further interest in it.