Virgin Islands Bailment Agreement with Bailee to Maintain and Care for Property, and Assume Liability for Damage or Loss

State:
Multi-State
Control #:
US-1340906BG
Format:
Word; 
Rich Text
Instant download

Description

A Bailment is the temporary placement of control over, or possession of, personal property by one person, the Bailor, into the hands of another, the Bailee, for a designated purpose upon which the parties have agreed.
Free preview
  • Preview Bailment Agreement with Bailee to Maintain and Care for Property, and Assume Liability for Damage or Loss
  • Preview Bailment Agreement with Bailee to Maintain and Care for Property, and Assume Liability for Damage or Loss
  • Preview Bailment Agreement with Bailee to Maintain and Care for Property, and Assume Liability for Damage or Loss
  • Preview Bailment Agreement with Bailee to Maintain and Care for Property, and Assume Liability for Damage or Loss

How to fill out Bailment Agreement With Bailee To Maintain And Care For Property, And Assume Liability For Damage Or Loss?

Are you currently in a position that you require paperwork for sometimes enterprise or individual reasons almost every day? There are a variety of lawful file templates available online, but discovering types you can rely is not easy. US Legal Forms provides a huge number of form templates, such as the Virgin Islands Bailment Agreement with Bailee to Maintain and Care for Property, and Assume Liability, which are written to fulfill state and federal requirements.

In case you are currently knowledgeable about US Legal Forms site and get a merchant account, just log in. Following that, it is possible to acquire the Virgin Islands Bailment Agreement with Bailee to Maintain and Care for Property, and Assume Liability design.

Unless you come with an accounts and need to start using US Legal Forms, adopt these measures:

  1. Get the form you will need and ensure it is for that proper metropolis/county.
  2. Utilize the Preview switch to review the shape.
  3. See the description to ensure that you have chosen the proper form.
  4. In the event the form is not what you are seeking, take advantage of the Lookup area to find the form that meets your needs and requirements.
  5. When you obtain the proper form, simply click Purchase now.
  6. Pick the costs plan you desire, fill in the specified information to produce your money, and pay money for the transaction with your PayPal or bank card.
  7. Pick a convenient paper structure and acquire your duplicate.

Get each of the file templates you may have purchased in the My Forms menus. You can aquire a additional duplicate of Virgin Islands Bailment Agreement with Bailee to Maintain and Care for Property, and Assume Liability anytime, if necessary. Just go through the needed form to acquire or print the file design.

Use US Legal Forms, one of the most extensive selection of lawful varieties, to save time as well as stay away from blunders. The service provides expertly created lawful file templates that can be used for a selection of reasons. Create a merchant account on US Legal Forms and commence generating your way of life a little easier.

Form popularity

FAQ

The duty of the bailee is to return the goods without demand on the accomplishment of the purpose or the expiration of the time period. In case of his failure to do so, he shall be liable for the loss, destruction, deterioration, damages or destruction of goods even without negligence.

The bailee is liable for all injuries to the property from failure to properly care for or use it. Once the purpose of the bailment has been completed, the bailee usually must return the property to the bailor, or account for it, depending upon the terms of the contract.

The person to whom they are delivered is called the "bailee'. Explanation : If a person already in possession of the goods of another contract to hold them as a bailee, he thereby becomes the bailee, and the owner becomes the bailor of such goods, although they may not have been delivered by way of bailment.

As per the section 148 of the Indian Contract Act, 1872, a bailment is a contract where one person delivers goods to another person for some purpose. The person delivering the goods is the Bailor and the person receiving the goods is the Bailee.

In either case reasonable disclaimers of liability are allowed. If the bailed goods need repair while in the bailee's possession, the usual rule is that ordinary repairs are the bailee's responsibility, extraordinary ones the bailor's.

It is well established now that Bailee will be liable for any loss or damage to the bailor which arises due to the negligence or lack of reasonable care of the goods bailed.

In a contract of bailment, the bailor transfers the goods to the bailee for some purpose, and the bailee is responsible for using the goods bailed according to the purpose of bailment. Section 154 of Indian Contract Act imposes liability on bailee if goods are not used authoritatively.

The bailee is liable for all injuries to the property from failure to properly care for or use it. Once the purpose of the bailment has been completed, the bailee usually must return the property to the bailor, or account for it, depending upon the terms of the contract.

The bailee is not liable if the delay in delivering the goods or disposal of goods is due to default of others. Unexplained failure to return the thing bailed is presumed to be by the bailee's default;12And it would be presumed as his negligence.

If the bailment is for the sole benefit of the owner (the bailor), the bailee is answerable only for gross neglect or fraud: the duty of care is slight.

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

Virgin Islands Bailment Agreement with Bailee to Maintain and Care for Property, and Assume Liability for Damage or Loss