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.
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, 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 | 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 | 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 Agreement? (Types, Examples & Legal Help)
2023年8月14日 · A bailment is a legal arrangement where one of the parties temporarily transfers possession, but not ownership, of their personal property to another party for a specific purpose, pursuant to an agreement or understanding.
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.
Understanding Bailment: Definition, Examples, and Applications
Bailment refers to a legal relationship where one person (the bailor) temporarily transfers possession of personal property to another person (the bailee) for a specific purpose or duration, without transferring ownership. The bailor retains ownership rights while the bailee has possession and often a limited right to use the property.
bailment - Meaning in Law and Legal Documents, Examples and …
Bailment is created when the owner of the property (the bailor) intentionally gives their property to someone else (the bailee) for a specific purpose, such as storage, repair, or safekeeping. This can happen through a verbal agreement or a written contract.
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.