What Is Required For The Establishment Of A Bailment Contract?

To establish a bailment contract, three elements are necessary: delivery, acceptance, and consideration.

• Delivery: You transfer control of the bullion to Strategic Gold, enabling us to safeguard and manage it effectively.
• Acceptance: Strategic Gold must knowingly accept control over the bullion for the contract to be valid.
• Consideration: You temporarily give up the immediate use of your bullion, which forms the basis for the bailment contract.