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bailment |
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bailment A legal relationship is which a person (bailor) surrenders control of personal property to another (bailee), but with the agreement that the goods will be returned or accounted for upon request.Bailees are not insurers of goods and are responsible only for their own negligence in carrying out the terms of the bailment agreement, not for any third-party theft or vandalism, unless the bailees specifically represented they would protect the goods against third parties.Warehouse operations are typically bailments,as are records storage businesses.Most self-storage facilities,in which consumers retain their own lock,are not bailments. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Giving up $10,000 in return for avoiding 10 years in the slammer would seem like a pretty good deal to most people and in fact Hall was probably only losing about $500, which is all the cash the bailee usually has to hand over to a bondsman for a bond of this size. In contrast, when the owner of property voluntarily transferred possession to a second party and the latter, whether bailee, factor, servant or employee, converted part of it to her own use, that action did not constitute a criminal taking. 2) Louanne Grier and her daughters Rebecca, 10 months, and Bailee, 3, watch marchers at Elizabeth Lake Road and 90th Street West. |
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