The delivery of an asset by its owner to another person or persons for temporary care.
Related information about bailment:
- Bailment - Wikipedia, the free encyclopedia
Bailment describes a legal relationship in common law where physical possession of personal property, or chattel, is transferred from one person (the ' bailor') to ...
- bailment - Legal Dictionary | Law.com
While most are "bailments for hire" in which the custodian (bailee) is paid, there is also "constructive bailment" when the circumstances create an obligation upon ...
- Bailment - Legal Dictionary - The Free Dictionary
The temporary placement of control over, or possession of Personal Property by one person, the bailor, into the hands of another, the bailee, for a designated ...
- Bailment Definition | Investopedia
The contractual transfer of possession of assets or property for a specific objective. In bailment, the deliverer of the asset is the bailor, and the receiver is the ...
- "Bailment" Defined
BAILMENT. A legal relationship created when a person gives property to someone else for safekeeping. To create a bailment the other party must knowingly ...
- Bailment | LII / Legal Information Institute
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.
- Bailment - Lawyers.com
Bailment is the process of placing personal property or goods in the temporary custody or control of another.
- Bailment Law & Legal Definition
A bailment is the act of placing property in the custody and control of another, usually by agreement in which the holder (bailee) is responsible for the ...