Bailee


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Related to Bailee: Bailii

Bailee

In law, a person or company who temporarily takes possession of another's property. Unlike a lessee, a bailee is not allowed to use the property in question. Bailees do, however, have a fiduciary responsibility to return the property in the same condition. See also: Bailment.
References in periodicals archive ?
And, except for notifying the carrier or other bailee to stop delivery of its goods, the seller should take no further action to recover its goods without first moving for relief in the bankruptcy court.
Mr and Mrs Da Rocha also submitted that there was no clear separating line in some cases between an involuntary bailee and a gratuitous bailee.
Luisita's Lino Magpantay, who is Bailee's marker, said he erroneously marked Japanese Horii Koichi of Cebu Country Club who he thought was Bailee.
The claim may be repudiated by the company if it is found that the goods has been cleared without survey at the jetty prejudicing the insurer's right of recovery from the carriers or other bailee.
For example, a garage is a bailee of a customer's (bailor's) car (the bailment) and a jeweler is a bailee of customer's jewelry while in for repair or appraisal.
The person transferring possession of the property is called the bailor; the person receiving possession is the bailee.
another, (28) it seems appropriate to characterize it as a bailee of the
A bailment is the legal relationship in which one party, the ballot, has entrusted possession of personal property to the other, the bailee, with the understanding that the identical property will be returned to the bailor, unless something else has been agreed between the two.
But Marcus Bailee said they should not have been in Stainforth Beck in the Yorkshire Dales in the first place.