Mississippi Limitation of Liability for Gratuitous Bailments

State:
Multi-State
Control #:
US-1340982BG
Format:
Word; 
Rich Text
Instant download

Description

A gratuitous bailment is a type of bailment in which the bailee receives no compensation. An example would be borrowing a friend’s car. A gratuitous bailee is liable for loss of the property only if the loss is caused by the bailee's gross negligence. Therefore a lower standard of care is imposed upon the bailee in a gratuitous bailment.

Trusted and secure by over 3 million people of the world’s leading companies

Mississippi Limitation of Liability for Gratuitous Bailments