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Bailment   Listen
Bailment

noun
1.
The delivery of personal property in trust by the bailor to the bailee.





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"Bailment" Quotes from Famous Books



... dealt with according to his direction, or kept till he reclaims them. The following is Chief Justice Holt's classification of bailments in Coggs v. Bernard, 1704, 1 Sm. L.C. 167, which is generally adopted. (1) Depositum, or bailment without reward, in order that the bailee may keep the goods for the bailor. In this case, the bailee has no right to use the thing entrusted to him, and is liable for gross negligence, but not for ordinary negligence. ...
— Encyclopaedia Britannica, 11th Edition, Volume 3, Part 1, Slice 2 - "Baconthorpe" to "Bankruptcy" • Various


Words linked to "Bailment" :   livery, bail, delivery, legal transfer


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