Bailment is the transfer of possession of personal property to a person who is not its
owner and for a limited purpose. It requires the possession of the property by the bailor,
its delivery to the bailee pursuant to a contract or other agreement, and its acceptance by
the bailee. Ex. clothes at the dry cleaners, photo guy, restaurant checkroom, VCR at a
repair shop. A bailee is responsible to the bailor if the goods are lost or damaged by his
willful default or gross negligence
We have located some similar legal questions and legal question categories. Check out these challenging questions that askquestions about Property Law Terms and are similar to What is meant by Bailment?. Also, we have included a list of some of our more popular legal question categories. These categories are based on what everyone is asking and answering.