Bailment: Definition, How It Works, Types, and When It Ends - Investopedia
2024年6月15日 · A bailment involves the transfer of assets or property from a bailor, who temporarily relinquishes possession but not ownership, to a bailee. The bailee must intend to and...
Bailment - Definition, Examples, Cases, Processes - Legal Dictionary
2015年8月25日 · 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.
Bailment - Wikipedia
Bailment is a legal relationship in common law, where the owner transfers physical possession of personal property ("chattel") for a time, but retains ownership. [1] The owner who surrenders custody of a property is called the "bailor" and the individual who accepts the property is called a …
Bailment Definition | What Is Bailment? | Lawyers.com
2022年12月16日 · Bailment is the process of placing personal property in the temporary custody of another. There are three types of bailment. Read our article to learn more!
What Is a Bailment? | Bailment Lawyer - LegalMatch
2023年6月26日 · 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 & Meaning | Legal.com
Bailment is the transfer of possession, not ownership, of personal property from one party to another under an agreement to return it.
Bailment legal definition of bailment - TheFreeDictionary.com …
A bailment is not the same as a sale, which is an intentional transfer of ownership of personal property in exchange for something of value. A bailment involves only a transfer of possession or custody, not of ownership.
bailment - Meaning in Law and Legal Documents, Examples and …
Bailment is a legal term that refers to the temporary transfer of possession of personal property from one person (the bailor) to another (the bailee). The bailee is responsible for taking care of the property while it is in their possession, but they do not own it.
BAILMENT - The Law Dictionary
Find the legal definition of BAILMENT from Black's Law Dictionary, 2nd Edition. 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 Law and Legal Definition | USLegal, Inc.
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 safekeeping and return of the property.
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