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Froogle 1.1.1.7
Froogled By:
Elias Makere, FSA, MAAA
Last Froogled:

BAILMENT

a delivery of personal property to be held in trust; the relationship that arises where one person (the bailor) delivers property to another (the bailee) to hold – with control/possession of the property passing to the bailee.
CONSTRUCTIVE BAILMENT
one that arises when the person having possession holds it under such circumstances that the law imposes an obligation to deliver to another(even where such person did not come into possession voluntarily) and where therefore no bailment was voluntarily established.
GRATUITOUS BAILMENT
one that results when care and custody of the bailor’s property is accepted by the bailee without charge and without any consideration or expectation of benefit. In a gratuitous bailment, the bailee is liable to the bailor for the loss of bailed property only if the loss is caused by bailee’s gross negligence.
INVOLUNTARY BAILMENT
one that arises when the owner accidentally and without negligence leaves personal property in the possession of any person. An involuntary bailment arises if an umbrella is left with the coat check at a restaurant.
Compare abandonment.
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Source: Barron's Dictionary of Legal Terms, Steven H. Gifis, 5th Edition; ©
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