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19 Cards in this Set
- Front
- Back
Bailment
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transfer of possession of personal property without transfer of ownership.
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Bailor
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gives up possession of property.
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Bailee
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holding someone's property temporarily.
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Actual Bailment
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bailee's receipt and acceptance of the good itself
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Constructive Bailment
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making someone give their possession to another person.
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Custody
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holding someone's property with the owner's permission.
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Common Carrier
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someone that transports goods regularly.
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Demurrage
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fee for delay by party shipping,loading/unloading, or receiving goods.
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Carrier's Lien
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right to retain possession of goods pending payment of overdue charges.
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Consignment
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goods destined to be delivered to someone.
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Extraordinary Bailment
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when bailor leaves property with a common carrier.
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Extraordinary Care
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responsible for damage,loss or injury.
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Gratuitous Bailment
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when only one party benefits form bailment
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Ordinary Care
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bailee is responsible for holding owner's property
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Mutual-Benefits Bailment
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bailor and bailee make a consideration.
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Involuntary Bailment
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issues of goods are lost or misplaced raises without bailee's consent.
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Minimal Care
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bailee must not ignore, waste, or destroy property.
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Disclaimer
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denying one's claim then stating one's own.
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Bailee's Liens
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retains possession of property until payment is made.
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