Bailment
Filed Under: Torts
2 definitions found for this term.
Definitions are presented in the order source books were published (most recent first).
Source:
A bailment at law, simply defined, is the voluntary transfer of personal property from one party (the bailor) to another (the bailee) for safekeeping, with or without consideration, with the property typically to be returned to its owner or their agent, in its original or an altered form, upon the fulfillment of this purpose.
A delivery of goods by one person (the bailor) to another (the bailee) for some purpose after which the goods are to be returned to the bailor.
