Bailment
Legal relationship in common law / From Wikipedia, the free encyclopedia
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"Bailor" redirects here. For the baseball player, see Bob Bailor.
"Bailee" redirects here. For the unisex name, see Bailey (given name).
Bailment is a legal relationship in common law, where the owner transfers physical possession of personal property ("chattel") for a time, but retains ownership.[1] The owner who surrenders custody to a property is called the "bailor" and the individual who accepts the property is called a "bailee".[2] The bailee is the person who possesses the personal property in trust for the owner for a set time and for a precise reason and who delivers the property back to the owner when they have accomplished the purpose that was initially intended.[3]
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