Management and Organizational Studies 2275A/B Chapter Notes - Chapter 17: Bailment, High Standard Manufacturing Company

• School: Western University
• Department: Management and Organizational Studies
• Course: Management and Organizational Studies 2275A/B
• Professor: Philip King

Document Summary

Define: all property, other than land and what is attached to it. No system for registering title to personal property. Be acquired along with ownership or bailment. Person who has temporary possession of the property must take reasonable care of the products. Define: temporary transfer of possession of personal property from one person to another. The extent to which the bailee is liable for damages or loss. Remedies for the parties for failure to perform. Bailees are expected to exercise reasonable care. The nature and value of the property. Special regulations for the type of bailment that may set out the standard of care. Special circumstances in the transaction (bailor specific instruction or requirement) Warrant that the goods used by their bailees are fit for the purpose for which they were bailed. Ex>wheels will not come off from the cars. Bailee is attempting to recover a fee. Implied term leased property will be reasonably fir for its intended use.