„Bailment“

What does Bailment stand for?

A delivery of goods or personal property by one person (the bailor) to another (the bailee) on an express or implied contract for a particular purpose related to the goods while in possession of the bailee, who has a duty to redeliver them to the bailor.

Source:

Barnes, A. James, and Thomas W. Dunfee. “Bailment.” In Business Law Principles and Cases, 7th ed., 438-461. Boston: Cengage Learning, 2016.

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