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One who places control over or possession of Personal Property in the hands of another, a bailee, for its care, safekeeping, or use, in accordance to the terms of a mutual agreement.
n. a person who leaves goods in the custody of another, usually under a "contract of bailment", in which the custodian ("bailee") is responsible for the safekeeping and return of the property. Sometimes the bailor is not the owner but a person who is a servant of the owner or a finder (say, of jewelry) who places the goods with the bailee until the owner is found. (See: bailee, bailment)
BAILOR, contracts. He who bails a thing to another.
2. The bailor must act with good faith towards the bailee; Story's Bailm. Sec. 74, 76, 77; permit him to enjoy the thing bailed according to contract; and, in some bailments, as hiring, warrant the title and possession of the thing hired, and probably, to keep it in suitable order and repair for the purpose of the bailment. Id. Sec. Vide Inst. lib. 3, tit. 25.