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  • noun

Words related to bailment

the delivery of personal property in trust by the bailor to the bailee

References in periodicals archive ?
To wrap up the thought-provoking afternoon, Luke Harris spoke once more, this time on the fundamental but much neglected subject of bailment. He explained that possession by an employee of goods entrusted to an employer will always be characterised as mere custody, not bailment, as the employer will remain in the role of bailee.
When another party has control over your personal property, it is called a bailment. It is the "delivery of personal property by one person (the bailor) to another (the bailee) who holds the property for a certain purpose." Bailment, Black's Law Dictionary (10th ed.
Both Justices Kennedy and Gorsuch lean on the law of bailment,
The plaintiffs allege that the artwork from the Collection that is currently in possession by Hungary is a bailment and that the refusal to return the artwork is a breach of contract.
Hungary argues that the expropriation exception is inapplicable because a bailment claim is, at its core, commercial, and commercial claims may proceed only under the commercial activity exception, not the expropriation exception.
The district court dismissed the complaints, concluding, among other things, that the plaintiffs lacked Article III standing to bring the negligence and bailment claims against Nationwide because they had not alleged a cognizable injury.
(66) See generally Merrill & Smith, supra note 5, at 811-20 (detailing developments in bailment law).
Historically, agistment has been defined as the "feeding or keeping of sheep, or any kind of cattle." (239) In more recent times, agistment is considered to be a "a type of bailment in which a person, for a fee, allows animals to graze on his or her pasture." (240) An agister, or the holder of the livestock, "assumes full control of the animals' well-being during the term of the contract." (241) This is considered a bailment because the agister is expected to return the animals in the same condition as he received them at the expiration of the contract.
involving a bailment. Suppose that a garnishee borrows the judgment
In that case, bailment of the purchased raw materials should be strongly considered.
difficultly of applying the bailment rule to the complications of other negligence cases...." (101) After struggling with the doctrine and its application for nearly thirty-five years, the Supreme Court of Illinois eventually repudiated it completely in 1894.
Even in bailment situations, where the policy insures against the risk of loss of property of others, it does not insure against suits by the property owner for its loss.
No bailment is created by the facility by taking the care, custody, or control of the customer's goods.
Hence, the deposited money represents a bailment or a present good, and the overissue of money substitutes constitutes fraud.
Their primary function, from which all their other functions derive, is the storage (bailment) of deposited goods, meaning that the bank takes possession of these goods and stores them securely for the depositor.