| A | B |
|---|
| Bailment | Transfer of possession without the transfer of ownership. |
| Bailor | The party who gives up possession of the property |
| Bailee | The party who accepts possession and control of the property. |
| Level of Care: Extraordinary | bailee strictly liable for any damage, loss, or injury to the good. (EX: lost textbook) |
| Level of Care: Ordinary | Bailee will be liable if negligent in some way. |
| Level of Care: Minimal | Example: Care given when you care for a neighbor's house plants without charge. |
| The more the bailments benefit the bailees | the more the bailees' duty of care so they must take better care of bailed goods. |
| Characteristics of Bailments? | Subject is personal property, a transfer of temporary possession, a transfer of temporary control, both parties intend return of the goods. |
| How Bailment ends? | Time agreed upon elapses, purpose has been achieved, parties mutually agree to end it, either party may end the bailment if no temrination time. |
