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Bailment Agreement with Bailee to Maintain and Care for Property...

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

Name: Hillsborough Florida Bailment Agreement with Bailee to Maintain and Care for Property, and Assume Liability for Damage or Loss
Brand: US Legal Forms
Rating: 4.86 (285 reviews)

Category:

Contracts - Bailment

State:

Multi-State

County:

Hillsborough

Control #:

US-1340906BG

Format:

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.

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

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FAQ

A bailor may be held liable for negligence. If the bailor receives a benefit from the bailment, then he has a duty to inform the bailee of known defects and to make a reasonable inspection for other defects.

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. Bailees are entitled to liens to enforce payment owing to them.

The bailee is allowed to use the good only for that purpose. If the bailee uses the bailed good for some other purpose that is not authorized by the bailor, then the bailee is liable. The bailor is s obliged to take care so that the bailed goods will not mix with his own goods.

When the bailment is only for the sole benefit of the bailor, the duty of care is minimal. The bailee in an extraordinary bailment is strictly liable for loss or damage to the bailed goods. Disclaimers are always valid and enforced.

Bailor Duties - In a unilateral-benefit bailment, the bailor must reveal any defects in the bailed item. She warrants that there are no defects in the bailed object that could have been discovered through reasonable inspection.

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.

Section 150 of Indian Contract Act 1872 says that, The bailor is bound to disclose to the bailee faults in the goods bailed, of which the bailor is aware, and which materially interfere with the use of them, or expose the bailee to extraordinary risk; and if he does not make such disclosure, he is responsible for

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.

A bailment is created for the sole benefit of the bailee when both parties agree the property temporarily in the bailee's custody is to be used to his or her own advantage without giving anything to the bailor in return. The loan of a book from a library is a bailment for the sole benefit of the bailee.

Bailment for the Sole Benefit of the Bailee: Bailee owes Bailor a high duty of care and is liable for even slight negligence.

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

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FAQ

What are the liabilities of bailor and bailee?

Under what circumstances are disclaimers of liability by the bailee and bailor acceptable?

What are the responsibilities and liabilities of bailor and bailee?

When the bailment is only for the sole benefit of the bailor the duty of care is minimal?

What are the duties owed by the bailor in a bailment?

What are the responsibilities and liabilities of Bailee?

What are the rights and liabilities of bailor?

What duty of care does a bailee owe a bailor when the bailment is for the sole benefit of the bailee?

What is a bailment for the sole benefit of the bailee?

What duty of care does a bailee owe an bailor when the bailment is for the sole benefit of the bailee quizlet?

Interesting Questions

What is a Hillsborough Bailment Agreement with Bailee?

What does 'bailment' mean?

What are the responsibilities of the bailee under the Hillsborough Bailment Agreement?

Does the bailee assume liability for any damage or loss that occurs to the property?

What recourse does the bailor have if the bailee fails to fulfill their obligations?

Can the bailor terminate the Bailment Agreement at any time?

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