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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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? References in periodicals archive |
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Giving up $10,000 in return for avoiding 10 years in the slammer would seem like a pretty good deal to most people and in fact Hall was probably only losing about $500, which is all the cash the bailee usually has to hand over to a bondsman for a bond of this size. In contrast, when the owner of property voluntarily transferred possession to a second party and the latter, whether bailee, factor, servant or employee, converted part of it to her own use, that action did not constitute a criminal taking. 2) Louanne Grier and her daughters Rebecca, 10 months, and Bailee, 3, watch marchers at Elizabeth Lake Road and 90th Street West. |
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