A rented a car owned by B for 50$ going to Seoul. Under the condition the A willcover the expenses for gasoline and will return the car after 18 hours. When A wasalready in Seoul, A parked the car in the park. The car was lost. The car is 700$worth.What are A's obligations now under the concept of simple loan or mutuum?Will A just pay 50$ or 700$ to B?Explain.What should be the responsibility of A in relation to the lost rented-vehicle?

The above case is about a car that was rented from B for $50 and agreed to cover the expenses for…

Answered: A rented a car owned by B for 50$ going…

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