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- Bailment: Definition, How It Works, Types, and When It Ends
What Is Bailment? The term “bailment” refers to a legal relationship between two parties in common law, where assets or property are transferred from a bailor to a bailee
- Bailment - Wikipedia
Bailment is a legal relationship at common law, where the owner of personal property ("chattel") transfers physical possession of that property to another, who holds the property for a certain purpose, while the transferor retains ownership [1]
- What Is a Bailment? Definition, Types, and Examples
Every bailment involves two specific roles The “bailor” is the individual who owns the personal property and temporarily delivers it to another The “bailee” is the party who receives the property from the bailor and accepts possession of it
- bailment | Wex | US Law | LII Legal Information Institute
A 'bailment' is defined as a non- ownership transfer of possession Under English common law, the right to possess a thing is separate and distinct from owning the thing Interestingly, as a result of this distinction, in some jurisdictions, an owner of an object can steal their own property
- Bailment - Definition, Examples, Cases, Processes
The term bailment refers to the transfer of personal property to another person for safekeeping, or for the other person to control or use temporarily A bailment is a form of contractual relationship, even if no contract has been signed
- What Is a Bailment? | Bailment Lawyer | LegalMatch
A bailment is a legal arrangement in which one party, the bailor, temporarily transfers possession, but not ownership, of personal property to another party, the bailee, for a specific purpose, under an agreement or understanding
- Bailment: Definition, Principles and Cases - Legal Terms
Bailment differs from a sale or a gift because it involves only the transfer of possession, not ownership It may be established through a contract or implied from conduct For example, when someone leaves a car with a mechanic, the mechanic lawfully possesses the car but does not own it
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