What is the primary role of a bailee?

The primary role of a bailee is to temporarily possess someone else's personal property. When an individual or entity (the bailor) gives their property to another individual or entity (the bailee) for a specific purpose, such as storage, repair, or transportation, the bailee is expected to take care of the property during the period of possession. This relationship is typically characterized by the fact that the bailee does not gain ownership of the property but has a duty to protect and return it in the same or agreed-upon condition once the purpose is fulfilled.

This concept is fundamental in understanding the responsibilities and liabilities that arise from a bailment relationship, emphasizing the temporary nature of possession without transfer of ownership. The other choices depict scenarios that do not accurately define the role of a bailee. The ownership of personal property, management of property on behalf of another, or providing insurance for the property are not functions of the bailee but are rather associated with different legal and financial relationships.