Ch. 16 Flashcards
party who gives up possession of property
Bailor
party who accepts possession
Bailiee
bailee receives & accepts the goods themselves
Actual Bailments
bailee receives &
accepts a symbol of the personal property
rather than the property itself
Constructive Bailment
In order for a bailment to arise, both
possession and control of the goods must shift
from the bailor to the bailee.
Control
having temporary control of another’s personal property yet
Custody
Usually goods are returned to the bailor or the bailor may identify another party to whom the goods will be delivered
Disposition of the Goods
There is no difference between one unit of goods
and another. Goods of an identical nature need to be returned
Fungible
Enterprises that agree, for a fee to transport goods for anyone who applies, provided the goods are fit for shipment.
Common Carriers
a fee for use of the transportation vehicle when it is not loaded or unloaded at the agreed
time.
Charge Demurrage
retain the goods until charges for transportation and incidental services are paid
Enforce a Carrier’s Lien
occurs when the bailor provides personal
property for use by the bailee bailee must abide by the contract & may be liable for property damages.
Bailments for Hire
when a person (bailor) delivers goods to serviced, repaired, or made bailment for service results if the goods are damaged or destroyed & bailee exercised ordinary care – the loss falls on the bailor who owns them
Bailment a for services
bailment in which ownership remains the manufacturer or wholesaler (bailor) until the goods are sold bailment is also created when a merchant sends
Consignment
the prospective buyer may use the goods to decide whether to buy them
Sales on approval