Bailment

(redirected from bailee)
Also found in: Dictionary, Thesaurus, Legal, Financial.
Related to bailee: Bailii

Bailment

 

in civil law, an obligation that arises on the basis of a contract or by force of law for one party (the bailee) to keep property for a second party (the bailor) and to return the property on demand in the condition in which it was received. In pre-revolutionary Russia, the contract of bailment was called the poklazha (deposit), and the two parties were called the po-klazhedatel’ (depositor) and poklazheprinimatel’ (deposit recipient, or custodian).

In the USSR the contract of bailment is regulated by special rules and by the civil codes of the Union republics—for example, Articles 422–433 of the Civil Code of the RSFSR. Parties to the contract may be citizens or socialist organizations. If the parties are citizens and the value of the property exceeds 100 rubles, the contract must be concluded in writing. Bailment is without recompense unless otherwise provided by law or contract. The bailee does not have the right to use the property entrusted to him unless otherwise specified by contract.

In case of loss of property, the bailee is obligated to reimburse the bailor for the full value of the property; in case of damage, the bailee must pay the amount by which the value has been decreased. Organizations established in part or in full to provide services of bailment—such as pawnshops, checkrooms, hotels, and refrigerated storehouses—bear increased responsibility. They are responsible not only for intentional loss of or damage to property but also for accidental loss or damage; they are freed from responsibility only in cases of force majeure.

References in periodicals archive ?
Mr and Mrs Da Rocha also submitted that there was no clear separating line in some cases between an involuntary bailee and a gratuitous bailee.
"I told my mom that if I was staying up late and talking to my friends and playing music, our being in the garage wouldn't keep her awake," Bailee spills.
Bailee submitted 48 points, but made two infractions that cost Orchard precious points.
Bailee in the pages of Jack and Jill, email your short story or poem to
He simply sits back and relaxes in the false belief that all is well because of the mere fact the he has bought insurance.In the above context for example warehouse to warehouse clause, change of voyage clause or bailee clause and the like which may render a claim prejudiced through sheer negligence or ignorance of the insured.
8: Griffin Gluck, Dennis Dugan and Bailee Madison at the "Just Go With It" preem
Star rating: DON'T BE AFRAID OF THE DARK (15) Sally Hurst (Bailee Madison) is sent to live with her architect father Alex (Guy Pearce) and his girlfriend, interior decorator Kim (Katie Holmes), at the Gothic mansion they are restoring.
"Maybe The Sound Of Music!" In the film, 32-year-old Holmes plays Kim, the girlfriend of an architect (Guy Pearce) whose daughter Sally (Bailee Madison) begins to hear rasping whispers inside the Gothic mansion they're restoring.
DON'T BE AFRAID OF THEDARK 15 Nine-year-old Sally Hurst (Bailee Madison) goes to live with dad Alex (Guy Pearce) and his girlfriend Kim (Katie Holmes).
But their daughter (Bailee Madison) soon discovers they are not alone.
In an action to recover damages based upon a bailee's negligence, the bailor must establish not only that a bailment relationship existed, but that the bailee failed to exercise the required standard of care in maintaining the goods.