What does the term 'Bailment' refer to?

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The transfer of possession of an item for a specific purpose under a contractual agreementThe handing over of goods without any charge involvedThe free delivery of items intended for public benefitNone of the aboveNot applicable

Explanation

Bailment involves the delivery of goods or personal property by one party to another for a particular purpose, based on a contract, where the goods are to be returned or otherwise disposed of according to the agreement. Options B and C describe gratuitous transfers which do not necessarily involve a contractual bailment.