Business Law Principles and Practices

Both real and personal property can be the subject of a bailment.

Taking your clothes or other personal belongings to a dry cleaner is an example of a mutual benefit bailment.

A bailment transfers both possession and ownership of the property.

Rental of any type of personal property is a bailment.

Bailments can be created only by express agreements of the parties.

Both parties benefit from a gratuitous bailment.

If the bailed property is severely damaged or if it is destroyed, the bailment is ended.

A bailment by necessity is a constructive bailment.

A college that operates a dormitory is considered a hotelkeeper.

A special bailee can limit its liability for damage to bailed property provided it notifies the bailor.

If a bailor fails to pack goods properly, a common carrier would not be liable for damage that results from the improper packing.

A special bailee is never responsible for damage resulting from a natural disaster.

Hotelkeepers often provide a safe in which guests can store valuables, money, jewelry, or important documents.

A common carrier is one that transports goods or passengers for anyone who wishes to hire it.

Contract carriers are special bailees.

If you rent a television set and then take it in for repairs, you are

The subject of a bailment could be

For a bailment to exist, there must be

In a bailment, the

You drive your car to a service station for repairs. This is