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bailment::noun | Spocien Dictionary
| Type | Words |
|---|---|
| Type of | delivery, legal transfer, livery |
| Derivation | bail |
Examples of bailment
bailment
This position serves as the primary local contact for commercial bailment pools.
From the jobview.monster.com
Bailment is often regarded as the separation of ownership and possession.
From the en.wikipedia.org
In an involuntary bailment, the bailee has possession of the goods without intent to do so.
From the en.wikipedia.org
A common example of bailment is leaving your car with a valet.
From the en.wikipedia.org
No matter how a bailment arises, the bailee will incur some liability in the taking of a bailment.
From the en.wikipedia.org
The old common law held a bailee strictly liable for the bailment.
From the en.wikipedia.org
In a voluntary bailment, the bailee agrees to accept responsibility for possession of the goods.
From the en.wikipedia.org
In most legal systems, a bank deposit is not a bailment.
From the en.wikipedia.org
Trover, which involved lost goods or those placed in a bailment, necessitated full replacement damages.
From the en.wikipedia.org
- The delivery of personal property in trust by the bailor to the bailee
- Bailment describes a legal relationship in common law where physical possession of personal property, or chattel, is transferred from one person (the 'bailor') to another person (the 'bailee') who subsequently holds possession of the property. ...
- The act of placing goods in the possession of a bailee.
- Giving possession of personal property to another but retaining title. Examples: storing goods in a warehouse, renting a trailer, giving existing mortgages to a lender as security for a loan.
- A legal relationship created when a person gives property to someone else for safekeeping. To create a bailment the other party must knowingly have exclusive control over the property. The receiver must use reasonable care to protect the property.
- The act of delivering property in trust to another for a limited time and specific purpose.
- A contract (such as a bill of lading), which allows freight carriers to take possession of goods without ownership.
- Tender of a thing (tangible personal property as opposed to money or other intangible personal property) to one entrusted with its care (e.g., a warehouseman or bicycle shop). If the tender is accepted, the one who accepts is called the bailee, and the one who made the tender the bailor. ...
- The delivering or securing of personal property by one party with another party.
