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Bailee |
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One to whom Personal Property is entrusted for a particular purpose by another, the bailor, according to the terms of an express or implied agreement. Cross-referencesbailee (custodian) n. a person with whom some article is left, usually pursuant to a contract (called a "contract of bailment"), who is responsible for the safe return of the article to the owner when the contract is fulfilled. These can include banks holding bonds, storage companies where furniture or files are deposited, a parking garage, or a kennel or horse ranch where an animal is boarded. Leaving goods in a sealed rented box like a safe deposit box, is not a bailment, and the holder is not a bailee since he cannot handle or control the goods. (See: bailment, bailor) BAILEE, contracts. One to whom goods are bailed.
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