bailment
Temporary property custody
Bailment is the legal transfer of personal property from one party to another for a specific purpose, with the understanding that the property will be returned or disposed of according to the owner's instructions.
The person delivering the property is the bailor; the recipient is the bailee.
Common examples include leaving a car with a valet, depositing items in a safe-deposit box, or lending tools to a neighbor.
The dry cleaner's liability arose from the bailment of the customer's coat.
Protective care of possessions
- possessionState of owning
- deliveryConveyance of goods
- returnGo back again
- storageSpace for keeping goods
deposit · consignment · entrustment · care · protection · preservation · repository · depositary
Agent bound by loyalty
- liabilityLegal or financial obligation
- negligenceFailure to exercise care
- duty of careObligation to act reasonably
- replevinAction recovering wrongfully-held goods
conversion · misdelivery · tort · lien · indemnity · breach · standard of care · reasonable care
Movable personal property
- goodsThings for sale
- personal propertyMovable owned assets
- movablesTransportable personal property
- belongingsThings you possess
valuables · assets · tangible property · subject matter · collateral · pledge · pawn · title
Shared position between parties
- termsConditions of an agreement
- conditionsPrevailing state of affairs
- lenderOne who loans money
- borrowerOne who takes temporarily
duration · compensation · mutual benefit · gratuitous · lease · loan · hire · rental
safekeeping
Protective care of possessions
- possessionState of owning
- deliveryConveyance of goods
- returnGo back again
storage · deposit · consignment · entrustment · care · protection · preservation · repository · depositary · warehouse
fiduciary
Agent bound by loyalty
- liabilityLegal or financial obligation
- negligenceFailure to exercise care
- duty of careObligation to act reasonably
replevin · conversion · misdelivery · tort · lien · indemnity · breach · standard of care · reasonable care · strict liability
chattel
Movable personal property
- goodsThings for sale
- personal propertyMovable owned assets
- movablesTransportable personal property
belongings · valuables · assets · tangible property · subject matter · collateral · pledge · pawn · title · ownership
agreement
Shared position between parties
- termsConditions of an agreement
- conditionsPrevailing state of affairs
- lenderOne who loans money
borrower · duration · compensation · mutual benefit · gratuitous · lease · loan · hire · rental · pledge
bailmentsale
Exchange for payment
purchase · conveyance · gift · alienation · assignment
bailmentretention
Continued holding or possession
possession · sole ownership · keeping · holding · self-storage
bailmentownership
Legal right of possession
retention · keeping · acquisition · appropriation · title
bail, bailed, bailing, bailee, bailor, bailers, bailable, bailsman, unbailable