Bailments

What is required for a bailment?

Personal Property

Transfer to temporary control

Both parties intend to return goods

All of the above

If Sandy had Dave hold her diamond ring, what type of care would he use for this bailment?

Extraordinary

Ordinary

Slight

What are the elements of bailment

Delivery, Destroy, Recover

Acceptance

Delivery, Acceptance, Consideration

Consideration, Hold onto

What does indefinite bailment mean?

Certain time for return

No certain time for return

No bailment

Nothing

What is gratuitous bailment?

Mutual benefit for goods

No benefit of return

One person gets benefit

The bailment is secure

What is the bailee responsible for?

Responsible for Delivery

Responsible for Return

Responsible for Time

Responsible for Care

Bailor

Person having temporary possession and control of another person's goods, holding them in trust for a specified purpose

When there is no difference between one unit of the goods and another.

Party who gives up possession of the property

Care and present control of another's personal property under the owner's direction

Bailee

Person having temporary possession and control of another person's goods, holding them in trust for a specified purpose

When there is no difference between one unit of the goods and another.

Party who gives up possession of the property

Care and present control of another's personal property under the owner's direction

Custody

Person having temporary possession and control of another person's goods, holding them in trust for a specified purpose

When there is no difference between one unit of the goods and another.

Party who gives up possession of the property

Care and present control of another's personal property under the owner's direction

Fungible Goods

Person having temporary possession and control of another person's goods, holding them in trust for a specified purpose

When there is no difference between one unit of the goods and another.

Party who gives up possession of the property

Care and present control of another's personal property under the owner's direction

Bailments

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