July 9
2014
Legal Vocabulary: Bailment
Bailment is defined by the dictionary on Law.com as, “The act of placing property in the custody and control of another, usually by agreement in which the holder (bailee) is responsible for the safekeeping and return of the property. Examples: bonds left with the bank, autos parked in a garage, animals lodged with a kennel, or a storage facility (as long as the goods can be moved and are under the control of the custodian).”
Here are some briefs:
Option #1: bailment= BAIL/-MT
Option #2: bailment= BAILT