There is no exchange, and title remains with the bailor
. A paper credit, by contrast, arises out of an exchange.
(140) Here, the individual bailor
, e.g., a couple with fertility problems, deposits their biological tissue, e.g., fertilized preembryos, with a bailee, e.g., a fertility clinic, for safe keeping until the need for the tissue arises.
Coggs is of course a long way from the converse situation of commodatum, or loan for use, where goods are lent for the benefit of the bailee, rather than stored for the benefit of the bailor
. Commodatum typically requires a higher level of care, even if the bailor
knows of the defendant's personal foibles and shortfalls.
Proving that the painting was "consumer goods" might aid Susan's claim to the painting because the comments to section 9-102(a) note that the section excluded goods valued at less than $1,000 and "consumer goods" from the ambit of Article 9 because in these cases "filing would be inappropriate or of insufficient benefit to justify the costs." (141) Instead of Article 9, applicable bailment law regulates these transactions, (142) and Susan would have strong arguments as a bailor
that she is entitled to the Picasso.
He and his wife of 49 years, the former Bertha Bailor
were married May 1, 1954.
Ordinarily a bailment is created by agreement, resulting in a consensual delivery of goods in trust by one party (the bailor
) to another (the bailee), who holds them for a certain purpose upon a contract expressed or implied.
(35) The person who delivers the property is the bailor
; the person to whom it is delivered is the bailee.
The person transferring possession of the property is called the bailor
; the person receiving possession is the bailee.
Speaking of search-engine results, searches for "Coreen Bailor
" may no longer direct you only to www.destinationCRM.com, as she's gone and accepted a position elsewhere.
"Bailment" is a delivery of goods by the owner (the bailor
) to another party (the bailee) for some express purpose, after the fulfillment of which the bailee must return the goods to the bailor
or dispose of them according to the bailor
Legal Basis for Contract/Bailment-- Trust/Fiduciary--A Relationship Bailment refers to the fiduciary relationship transfer of possession has three features: (1) of UBC by the "bailor
" the fiduciary has scope to another person (the for the exercise of some "bailee") for some discretion or power; (2) temporary purpose (e.g.
Up stepped Bob Bailor
, who had been Harlow's roommate for a half dozen years in the Baltimore organization.