Bailments

Definition: A bailment is the rightful possesion of goods by one who is not the owner. The true owner is a bailor, the person in possession a bailee. The bailee has the duty to care for the goods and deliver them to the owner as agreed.Examples. Creation. Actual physical control. Parking lot cases. Coat cases. Custody distinguished. Servants. Intent. Mistake as to identify of object. Example. Note. Mistake as to contents. Value undisclosed to bailee. Example.