Understanding Bailment: A Piano in Storage

Explanation of Bailment for the sole benefit of the bailor

A bailment is made for the sole advantage of the bailee when the two gatherings concur the property incidentally in the bailee's care is to be utilized to further their own potential benefit without offering anything to the bailor consequently.

It happens when a thing or things is moved to another gathering to be hold incidentally. The individual who gives the things is known as the bailor, while the individual who gets the things is known as the bailee.

← Determining budgeted manufacturing overhead for each quarter The importance of emergency operations centers eocs in coordinating response efforts →