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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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For instance, the sections on bailment would have benefited from more detailed discussions regarding the length of the term of bailment and the duties of a Bailor, as well as the inclusion of issues related to assignment and sub-bailment, and bailment and third parties. He has 46 plate appearances, the longest streak without a strikeout to begin a major-league career since Bob Bailor had 51 plate appearances without a strikeout. Bailor to the Board of Directors for a three-year term; |
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