bailment
bailment
Definition
bail·ment (bāl′mənt)
noun
- the providing of bail for an arrested person
- the delivering of goods by one party to another to be held in trust for a specific purpose and returned when that purpose is ended
bailment
Law Definition
n
The delivery of personal
property from one person (the bailor)
to another (the bailee) in
trust for some special purpose, as according to an express or implied contract.
Only the lawful possession of the property, and not ownership, is transferred.
The rights and duties of the parties as to the property depend on the purpose
of the bailment and the terms of the contract. See also lease.
actual bailment
A bailment created by the actual or constructive delivery of
personal property to a bailee or his agents.
bailment for hire
A bailment in which the bailor merely takes possession of personal
property in exchange for compensation.
bailment for mutual benefit
A bailment in which the bailee, in exchange for
compensation, provides the bailor with some additional benefit as to the
bailors personal property, such as cleaning or repair work.
constructive bailment
. A bailment in which, due to the particular circumstances, the
bailee has a legal obligation to return the personal property to its owner,
even if the owner is not the bailor or if the bailee did not voluntarily take
possession of the property.
gratuitous bailment
A bailment in which the bailee accepts personal property
without expecting compensation. For example, a gratuitous bailment is created
when a bailee borrows the bailors property. In gratuitous bailments, the
bailee is liable to the bailor for the loss of or damage to the property only
if it was caused by the bailees gross negligence.
involuntary bailment
A bailment in which the bailor, without any negligence,
unavoidably or accidentally leaves personal property on the bailees person or
land. If the bailee refuses to return the property upon the bailors demand or
refuses to permit the bailor to remove the property, he can be liable for
conversion. See also property.
Browse dictionary entries near bailment
- bailiwick
- bailiff
- bailie
- Bailey bridge
- bailey
- bailer
- bailee
- Baile Átha Cliath
- bailable
- bail out
- bailment offense
- bailor
- bailout
- bailsman
- Baily's beads
- Baird
- bairn
- bait
- bait-and-switch
- bait-casting
