Bailment

Beginner ⚖️ Legal

Definition

The legal act of temporarily handing over your property to someone else who isn't the owner—like giving your car keys to a valet. They're responsible for it, but you still own it.

Example Usage

The valet accepted the car in bailment and would be liable if it was damaged.

Origin

Old French 'baillie,' meaning delivery or custody

Fun Fact

Bailment is a three-way street: the bailee (person holding it) can be liable for breach, the bailor (owner) can demand return, and third parties may also have claims.

Source: Property and contract law fundamentals

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