Home (Bailor)
Home  
 
 
Home » Law » Bailor


 

Bailor

Law BailmentBalloon payment

WordNet:
bailor
Top
Home > Library > Literature & Language > WordNet ...

 


Bailor
(n) Bailor is the person who leaves the custody of a property owned or legitimately possessed by him to another person or legal entity for safe keeping of such property and returning the same after the specified period or event.

Bailor
The person who temporarily transfers possession of property to another, the bailee, under a contract of bailment.
Back To Top
Banking & Finance Law
the area of law that relates to the banking and finance industries.
Back To Top ...

bailor
n. a person who leaves goods in the custody of another, usually under a "contract of bailment," in which the custodian ("bailee") is responsible for the safekeeping and return of the property.

BAILOR, contracts. He who bails a thing to another.
2. The bailor must act with good faith towards the bailee; Story's Bailm.

Bailor
Definition - Noun
: an individual or entity (as a business organization) placing personal property in the possession of another under a bailment
PronunciationbA-'lo'r, 'bA-l&r ...

bailor
Someone who delivers an item of personal property to another person for a specific purpose. For example, a person who leaves a broken VCR with a repairman in order to get it fixed would be a bailor.
balloon payment ...

bailor
n. a person who leaves goods in the custody of another, usually u...
bait and switch
n. a dishonest sales practice in which a business advertises a ba...

Expanded Legal Definition of BailBailee The person who receives property through a contract of bailment, from the bailor, and who may be committed to certain duties of care towards the property while it remains in his or her possession.

If the tender is accepted, the one who accepts is called the bailee, and the one who made the tender the bailor. Applies only to goods and other things, not money or intangibles. Bailor One who offers tender of a bailment.

TOP Bailee : The person who receives property through a contract of bailment, from the bailor, and who may be committed to certain duties of care towards the property while it remains in his or her possession.

Bailment A legal relationship in which one party (bailor) leaves personal property in the possession, and under the temporary control, of another (bailee).

A transfer of possession of a chattel from a bailor to a bailee without transfer of legal or equitable title. A bailor can demand the return of the property at any time from the bailee.

A person who has, by delivery, the custody and administration of lands or goods for the benefit of the owner or bailor, and is liable to render an account thereof. The word is derived from the old French word bailler, to bail, that is, to deliver.

See also: Person, Law, Property, Goods, Court

Law BailmentBalloon payment

 
 rssRSS