In the bailor/bailee relationship, who takes possession of the property?

In the bailor/bailee relationship, the bailee is the party that takes possession of the property, while the bailor is the owner of that property. In the context of the choices provided, the bank is often seen as a bailee when it holds a customer's funds or valuables for safekeeping. Upon depositing money or giving valuables to the bank, the customer (the bailor) transfers possession but not ownership of the items or funds to the bank.

The key point is that the bank, as the bailee, has a legal responsibility to care for the property and return it in the same condition upon request, reflecting its role in safeguarding the bailor's possessions. This concept is fundamental in understanding responsibilities and liabilities in such transactions. In contrast, the other options refer to different roles that do not align with the definition and function of a bailee.