Who is referred to as the person who gives up possession of bailed property?

The correct answer is the bailor, who is the individual or entity that temporarily gives up possession of their property to another party. In the context of a bailment, the bailor retains ownership of the property while transferring possession for a specific purpose, such as storage, transportation, or repair.

In a bailment arrangement, the bailor entrusts their property to the bailee, who is responsible for its care and return. This legal framework lays out the rights and responsibilities of each party. The bailor generally has the obligation to disclose any known defects in the property, while the bailee must handle the property with a reasonable degree of care.

Other choices, such as benefactor, typically refer to someone who provides support or benefits to others, often without any expectation of return. A trustee is a person or entity designated to manage assets for the benefit of another party, usually within the context of a trust arrangement. Thus, these terms do not align with the specific legal definition and context of bailment involving possession and ownership of property.