BAILMENT..

civil · 1 BAILMENT.. Wed Oct 01, 2008 8:39 pm

civil

Prision Mayor

Posts : 194
Join date : 30/09/2008

BAILMENT is the delivery of property of one person to another in trust for a specific purpose, with a contract, express or implied, that the trust shall be faithfully executed and the property returned or duly accounted for when a special purpose is accomplished or kept until the bailor reclaims it.

PARTIES IN BAILMENT
1. bailor � the giver, the party who delivers possession/custody of the thing bailed
2. bailee � the recipient, the party who receives the possession/custody of the thing delivered

civil · 2 Re: BAILMENT.. Wed Oct 01, 2008 8:40 pm

civil

Prision Mayor

Posts : 194
Join date : 30/09/2008

KINDS OF CONTRACTUAL BAILMENT W/ REFERENCE TO COMPENSATION
1. for the sole benefit of the bailor (gratuitous)
e.g. gratuitous deposit, mandatum (do some act w/ respect to a thing)

2. for the sole benefit of the bailee (gratuitous)
e.g. commodatum, gratuitous simple loan or mutuum

3. for the benefit of both parties e.g. deposit for compensation, involuntary deposit, pledge and bailments for hire:
a. hire of things � temporary use
b. hire of service � for work or labor
c. hire of carriage of goods � for carriage
d. hire of custody � for storage

BAILMENT..

1 BAILMENT.. Wed Oct 01, 2008 8:39 pm

civil

2 Re: BAILMENT.. Wed Oct 01, 2008 8:40 pm

civil