BU231 Study Guide - Final Guide: Bailment, Fungibility, Common Carrier
Document Summary
Delivery of possession to bailee w/o intent to transfer title. Intention that the property will be returned to bailor. Party accepting possession of goods from a bailor. Bailment where one party provides no consideration, or where there is no int relationship ex. lend car can benefit bailor or bailee. After receiving property from bailor, bailee transfers possession to someone e. Gratuitous bailment for benefit of bailee (highest standard of care) -> Gratuitous bailment for benefit of bailor (lowest standard of care) Soc also varies with type of good bailed and extent of promise to look after good. Standard of care: chattel: intention to create contractual ne else (a sub-bailee) Return the chattel in as good condition as when delivery was made (ordinary wear. Use care of a diligent or careful person would exercise. Safekeeping of good and protection from loss or injury. Remedies of a contractual but unpaid bailee include.
