In legal terms, a “bailor” is an individual or entity who entrusts personal property to another party, known as the bailee, typically for a specific purpose and for a designated period of time. The bailor retains ownership of the property while it is in the possession of the bailee. The relationship between a bailor and a bailee is governed by principles of bailment, a legal concept that outlines the duties and responsibilities of each party. The bailor is responsible for providing the property in good condition and may impose certain conditions or restrictions on its use by the bailee. Additionally, the bailor may require the bailee to return the property at a specified time or under certain circumstances. In turn, the bailee is obligated to take reasonable care of the property and use it only for the purposes agreed upon with the bailor. If the bailee fails to fulfil their duties, they may be held liable for any damage or loss suffered by the bailor.
One who bails property; one who places property in the hands of another (called a bailee) for safekeeping.
A person who transfers goods to another under a bailment. No title is transferred, and the bailor can expect to get the goods back when the conditions of the bailment are fulfilled. n. a person who leaves goods in the custody of another, usually under a “contract of bailment,” in which the custodian (“bailee”) is responsible for the safekeeping and return of the property. Sometimes the bailor is not the owner but a person who is a servant of the owner or a finder (say, of jewellery) who places the goods with the bailee until the owner is found.
A bailor is a person who gives possession of personal property to another person, known as the bailee, for a specific purpose and for a specific period of time. The bailor retains ownership of the property while it is in the possession of the bailee. The bailee is responsible for taking care of the property and returning it to the bailor in the same condition as when it was received. If the property is damaged or lost while in the possession of the bailee, the bailor may have legal recourse against the bailee for compensation.
Someone who delivers an item of personal property to another person for a specific purpose. For example, a person who leaves a broken VCR with a repairman in order to get it fixed would be a bailor.
A bailor is a person who gives possession of personal property to another person, known as the bailee, for a specific purpose and for a specific period of time. The bailor retains ownership of the property while it is in the possession of the bailee. The bailee is responsible for taking care of the property and returning it to the bailor in the same condition as when it was received. If the property is damaged or lost while in the possession of the bailee, the bailor may have legal recourse against the bailee for compensation.
A bailor is a person who transfers possession of their property to another person, known as the bailee, for a specific purpose or period of time.
The bailor is responsible for ensuring that the property being transferred is in good condition and suitable for the intended purpose. They must also provide any necessary instructions or warnings regarding the use of the property.
In most cases, a bailor can demand the return of their property at any time, unless there is a specific agreement or contract stating otherwise.
If the bailee damages or loses the property, the bailor may be entitled to compensation for the loss. However, this will depend on the specific circumstances and any agreements or contracts in place.
Generally, a bailor is not held liable for any harm caused by their property while in the possession of the bailee. However, if the bailor was aware of any potential dangers associated with the property and failed to disclose them, they may be held partially responsible.
Yes, a bailor can charge a fee for lending their property. This fee is often referred to as a bailment fee and is typically agreed upon between the bailor and the bailee.
Yes, a bailor can terminate a bailment agreement before the agreed-upon period, as long as they provide reasonable notice to the bailee. However, the bailor may be required to compensate the bailee for any losses incurred as a result of the early termination.
Yes, a bailor can restrict the use of their property by the bailee. This can be done through specific instructions or limitations outlined in the bailment agreement.
Generally, a bailor is not held responsible for any illegal activities conducted by the bailee using their property, as long as the bailor was not aware of or involved in the illegal activities.
If the bailee files for bankruptcy, the bailor may face difficulties in recovering their property. The property may be considered part of the bailee’s assets and subject to the bankruptcy proceedings. It is advisable for the bailor to consult with a legal professional in such situations.
This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.
This glossary post was last updated: 6th April 2024.
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