101. Meaning of 'bailment'.

101. Meaning of 'bailment'.

Bailment and Pledge (Volume 4 (2020)) | Commentary

1.     Introduction

(1)     Meaning and Classification

101.     Meaning of 'bailment'.

Under modern law1, a bailment arises whenever one person (the bailee) is voluntarily in possession of goods belonging to another person (the bailor)2. The legal relationship of bailor and bailee can exist