Back Law of bailment (England und Wales) German ベイルメント Japanese Депонирлеу Kazakh 임치 (법률) Korean ਅਮਾਨਤ ਰਖਣਾ Punjabi Împrumutul de folosință Romanian 委託保管 Chinese
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| Property law |
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| Part of the common law series |
| Types |
| Acquisition |
| Estates in land |
| Conveyancing |
| Future use control |
| Nonpossessory interest |
| Related topics |
| Other common law areas |
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Higher category: Law and Common law |
Bailment is a legal relationship in 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, 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 "bailee".[2] The bailee is the person who possesses the personal property in trust for the owner for a set time and for a precise reason and who delivers the property back to the owner when they have accomplished the purpose that was initially intended.[3]
- ^ Garner, Bryan A, ed. (2009). Black's law dictionary (9th ed.). St. Paul, MN: West. p. 162. ISBN 978-0314199492.
- ^ Merrill, Thomas W. (2010). Property. Smith, Henry E. New York: Oxford University Press. ISBN 978-0-19-971808-5. OCLC 656424368.
- ^ Gordon, Noah J.; Surette, Eric C. "Bailments". American Jurisprudence. Vol. 8A (2d ed.).