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A bailee is an individual who temporarily gains possession, but not ownership, of a good or other property A bailee is a person or party to whom goods are delivered for a specific purpose, typically for safekeeping, repair, or transportation, under a bailment contract. The bailee, who is also called a custodian, is entrusted with the.
A bailee is the individual or entity who receives temporary possession of personal property from another party, known as the bailor Bailment ends when the agreed term expires, the goods are returned, or the purpose is fulfilled. This transfer occurs for a specific purpose, and the bailee does not acquire ownership.
So, what exactly is a bailee
A bailee is an individual or entity who temporarily holds possession of someone else’s property, without having ownership of it. A bailee is a person who receives property from the owner, known as a bailor, and holds the property for the owner for a particular purpose such as custody or repair. The bailee is the person who possesses the personal property for the owner for a set time [a] and for a precise reason and who delivers the property back to the owner when they have accomplished the purpose that was initially intended. The meaning of bailee is the person to whom personal property is bailed.
A bailee receives temporary possession of property, while a bailor owns the property and grants possession to the bailee The bailee is an individual or entity that receives property from another for a specific purpose or period, without transferring ownership. A bailee is a person or business that temporarily takes care of someone else's property For example, if you leave your car at a repair shop, the shop becomes the bailee of your car while they fix it.
Types of bailment include those for mutual benefit, benefit of the bailor, or benefit of the bailee
Duties of bailees include care and return of goods Failure may result in liability
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