This involves transferring possession of goods from the owner to someone else. The ownership of the goods is not transferred.
Personal property delivered by its owner to another to be held and returned to the owner in good condition. The owner who delivers the property is called the bailor, the one who receives it the bailee.
The delivery of property by one known as the bailor to another known as the bailee to be held in custody for certain purposes.
The delivery of goods or personal property by one person to another, in trust for the execution of a special purpose in relation to such goods, beneficial either to the bailor, the bailee or both. This is done by contract, express or implied, which obligates the bailee to perform the trust and carry out its purpose and then either redeliver the goods to the bailor or dispose of the goods according to the purpose of the trust.
an express or implied agreement that one party (the bailor) will entrust personal property to another (the bailee) for a specific purpose and that, when the purpose is accomplished, the bailee will return the property to the bailor
a temporary transfer of property to another for a limited time and for a specific purpose
Delivery of property by the owner to another for a set length of time. To temporarily hold in trust to carry out a specific purpose and then give the property back to the owner. A lease is a type of bailment.
The act of delivering property in trust to another for a limited time and specific purpose.
A transfer of possession of a chattel from a bailor to a bailee without transfer of legal or equitable title. A bailor can demand the return of the property at any time from the bailee. Often, sub-bailments may be created; for example, in a situation where property is being couriered, if the delivery van breaks down, the courier bailee may sub-bail the goods to another deliverer. It is not a security in the legal sense.
A delivery of goods from one person (the bailor) to another, (the bailee) usually for a specific purpose. For example, delivering clothes to a dry-cleaner creates a bailment. A contract may be implied from the behaviour of the parties.
A delivery of goods or personal property by one person (the bailor) to another (the bailee) on an express or implied contract and for a particular purpose related to the goods while in possession of the bailee, who has a duty to redeliver them to the bail.
(2) Delivery of property to a person to be held in trust for a particular period of time.
Transferring possession of goods from the owner to someone else. The ownership of the goods is not transferred. A practical example of bailment is that someone who hires a television has possession of it, but the rental company still owns the television.
A delivery of goods or personal property by one person to another in trust for the execution of a special object upon or in relation to such goods, beneficial either to the bailor or bailee or both, and upon a contract expressed or implied to perform the trust and carry out such object, and thereupon redeliver the goods to the bailor, or otherwise dispose of the same in conformity with the purpose of the trust.
a contract (such as a bill of lading) which allows Saia to take possession of goods without ownership.
A 'bailment' is a non-ownership transfer of possession. Under English Common Law, the right to possess a thing is separate and distinct from owning the thing. In some jurisdictions, an owner of an object can steal his own property, a curious result of the distinction. In context, an owner who lends someone else an article, then secretly takes it back, can be stealing. When a bailment is created, the article is said to have been 'bailed'. One who delivers the article is the 'bailor'. One who receives a 'bailed' article is the 'bailee'. (Wex)
Transfer of possession (of something) by the bailor to another person called the bailee, for some temporary purpose (eg. storage), after which the property is either returned to the bailor or otherwise disposed of in accordance with the contract of bailment.
The entrustment of property to another.
delivery of property by the owner to someone else to be held for special purposes and then returned to the owner.
A contract by which there is a delivery of personal property by one person (the bailor) to another person (the bailee) for a specific purpose and for a limited time. All shipping industry contracts for the carriage of merchandise are bailments.
a delivery of personal property by one party (the BAILOR) to another (the BAILEE), usually for some specific purpose and with the expectation that it will be returned - e.g., an individual leaving his television at a shop to be repaired. There are several different types of bailment, and the bailee's degree of LIABILITY for the property transferred (i.e., the "duty owed" aspect of NEGLIGENCE) varies with the type of bailment. For example, the bailee owes the BAILOR a higher degree of care in the case of a bailment for hire (e.g., dry cleaning, auto repair) than in that of a gratuitous bailment (e.g., lending tools to a neighbor).
The transfer of possession of property for a period of time, with or without consideration (i.e. a lease is a type of and/or subset of bailment).
The act of placing goods in the possession of a bailee.
A delivery of goods or personal property by one person to another in trust for the execution of a special object upon or in relation to such goods. Bailment may be for the benefit of the bailee, for the benefit of the bailor, or for mutual benefit. In addition, bailment may be gratuitous or may be a bailment for hire.
Bailment describes a legal relationship where physical possession of personal property (chattels) is transferred from one person (the 'bailor') to another person (the 'bailee') who subsequently holds possession of the property. However, it is distinguished from a contract of sale or a gift of property, as it only involves the transfer of possession and not its ownership. In order to create a bailment, the bailee must both intend to possess, and actually physically possess, the bailable chattel.