Albuquerque New Mexico Automobile Bailment Agreement with Release and Indemnification Agreement from Bailee

State:
Multi-State
City:
Albuquerque
Control #:
US-01962BG
Format:
Word; 
Rich Text
Instant download

Description

A bailment is the act of placing property in the custody and control of another, usually by agreement in which the holder (bailee) is responsible for the safekeeping and return of the property. When a bailment is for the exclusive benefit of the bailee, the bailee owes a duty of extraordinary care. If the bailment is for the mutual benefit of the bailee and bailor, the bailee owes a duty of ordinary care.

This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.

Free preview
  • Form preview
  • Form preview

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

Albuquerque New Mexico Automobile Bailment Agreement with Release and Indemnification Agreement from Bailee