Bailment

Word BAILMENT
Character 8
Hyphenation bail ment
Pronunciations N/A

Definitions and meanings of "Bailment"

What do we mean by bailment?

The act of delivering goods or personal property to another in trust. noun

The contract or legal relation which is constituted by the delivery of goods without transference of ownership, on an agreement expressed or implied that they be returned or accounted for, as a loan, a consignment, a delivery to a carrier, a pledge, a deposit for safe keeping, or a letting on hire. noun

The act of bailing a prisoner or an accused person; also, the record of or documents relating to such a bailing. noun

The action of bailing a person accused. noun

A delivery of goods or money by one person to another in trust, for some special purpose, upon a contract, expressed or implied, that the trust shall be faithfully executed. noun

Bail. noun

The handing over of control over, or possession of, personal property by one person, the bailor, to another, the bailee, for a specific purpose upon which the parties have agreed. noun

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

Bail.

The handing over of control over, or possession of, personal property by one person, the bailor, to another, the bailee, for a specific purpose upon which the parties have agreed.

Synonyms and Antonyms for Bailment

  • Synonyms for bailment
  • Bailment synonyms not found!!!
  • Antonyms for bailment
  • Bailment antonyms not found!

The word "bailment" in example sentences

Although you haven't taken physical delivery of your bullion you have taken legal delivery (legally known as bailment). ❋ Unknown (2009)

In this case, the primary purpose for the "bailment" is the use and enjoyment by the player (bailee), for which compensation flows to the VW owner (bailor). ❋ Unknown (2005)

Another kind of bailment is the hiring of property for a reward. ❋ Andrew W. Young (N/A)

"And as the bailment was for your advantage, as well as theirs, you ought not to have taken possession of the property again, until a fair opportunity had been afforded to accomplish the purpose of the bailment, that is, the collection of a cabinet by the society. ❋ Jacob Abbott (1841)

"bailment" is the delivery of goods by one person to another for some purpose, upon a contract that they shall, when the purpose is accomplished, be returned or otherwise disposed of according to the directions of the person delivering them. ❋ Shrivenkatesha (2009)

This situation is called an “involuntary bailment” and under Terry v. Lock Hospitality, the only authority I could find (no Westlaw), the person who found the phone had a legal obligation to [show of hands] turn it over to the bar-owner! ❋ Unknown (2010)

This situation is called an “involuntary bailment” and under Terry v. ❋ Unknown (2010)

For Scotland, the answer was quite simple, since it simply talked about the hiring of goods, but in English law the statute referred to contracts for bailment, which made the whole thing a bit more complicated. ❋ Unknown (2009)

This would cause a huge flow of silver and gold into the United States, to be coined into official money, along with the creation of new “silver and gold banks” operating on the principle of bailment, not fractional reserves. ❋ Papabear (2008)

If you opened a current account which allowed you to withdraw the money at any time or x days notice etc. then this would constitute a bailment the bank being the bailee, and yourself the bailor. ❋ Patrick Vessey (2008)

In Pennsylvania, where conditional sales were void, still another device was used—the bailment lease.22 Goods were “leased” to the buyer, who agreed to pay on installments; after he paid “rent” for so many months, full ownership of the goods would pass to him. ❋ Lawrence M. Friedman (1985)

In some places, it was called a conditional sale; in some, a chattel mortgage; in Pennsylvania, a bailment lease; in England, a hire-purchase contract. ❋ Lawrence M. Friedman (1985)

I've argued here and elsewhere that, without some affirmative action by the developer transferring onwership as opposed to mere possession, such property is legally the subject of a bailment or a license. ❋ Unknown (2007)

If the property is the subject of a bailment or license, then a player would have no cause of action as against a developer true owner. ❋ Unknown (2007)

It's roughly akin to a week I spent in a vague acquaintance's apartment in London when he wasn't there: I wandered around touching the things that I had formal possession/bailment of, and which I was entitled to use; but which nonetheless felt foreign and odd and imbued with the ineffable character of someone else. ❋ Unknown (2006)

Cross Reference for Bailment

  • Bailment cross reference not found!

What does bailment mean?

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