Canadian Accredited Insurance Broker (CAIB) Two Practice Exam

What is the general definition of 'ordinary care' as it pertains to bailees?

1. Care beyond what a prudent person would provide

2. The same care as a diligent owner would take for their own property

3. A minimal effort to protect property

4. Any care that is legally acceptable

The correct answer is: The same care as a diligent owner would take for their own property

The definition of 'ordinary care' concerning bailees refers to the standard of care that a diligent owner would take in the management and protection of their own property. This concept is grounded in the expectation that bailees (those who hold someone else's property) should treat the property with a level of concern and diligence that resembles how they would care for their own belongings. This standard emphasizes responsibility and consideration for the property entrusted to them. Therefore, it incorporates the idea that while a bailee does not need to provide extraordinary care, they must nonetheless exhibit a level of attention and protection that reflects the actions of a conscientious owner. The other options highlight less stringent or different standards of care, such as minimal effort or legally acceptable care, which do not capture the essence of the ordinary care standard expected from bailees. By understanding this definition, it becomes clear why it is vital for bailees to uphold such a responsibility when handling another person's property.