Awn As A Bailment

1 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.

Awn as a bailment.

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 purpose upon which the parties have agreed. Illustration if a gives his car to b his neighbor for 10 days but at the same time he keeps one key with himself and during this period of 10 days he used to take the car. Essentials of contract of bailment. Bonds left with the bank autos parked in a garage animals lodged with a kennel or a storage facility as long as the goods can be moved.

The person receiving the property the bailee has possession and control over the property for a specific period of time during which he or she is. Although a bailment relationship is ordinarily created by contract there are circumstances where lawful possession by the bailee creates a bailment relationship without an ordinary contract such as an involuntary bailment. To create a bailment the bailee must both intend to possess and actually physically possess the bailable chattel. Now this will not be a case of bailment as a is keeping control over the property bailed.

Bailment related content broadly the transfer of possession and not ownership of goods by the owner the bailor to another person the bailee so that they might be used for a specified purpose on condition that they are returned to or in accordance with the instructions of the bailor or kept until he reclaims them. The term bailment is derived from the french bailor to deliver it is generally considered to be a contractual relationship.