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

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

Name: Tarrant Texas 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:

Tarrant

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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FAQ

The bailee, in the absence of any special contract, is not responsible for the loss, destruction or deterioration of the thing bailed, if he has taken the amount of care of it described in section 151. S. 152 Thus, Bailee is to- (i) Bound to take reasonable care of the goods bailed to him.

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.

Negligence of Bailor 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.

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.

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.

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.

The bailee's duties are based on a mixture of tort law and contract law and include two basic responsibilities: (1) to take appropriate care of the property, (2) to surrender the property to the bailor or dispose of it in accordance with the bailor's instructions at the end of the bailment.

In a bailment for mutual benefit, the bailee must take reasonable care of the bailed property. A bailee who fails to do so may be held liable for any damages incurred from his or her NEGLIGENCE.

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

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FAQ

Who is a bailee What are the responsibilities and liabilities of bailee in regards to the goods which have been bailed to him does he have any rights?

What are the rights and liabilities of a bailee?

Is a bailor generally liable for the negligence of a bailee?

In which circumstances Bailee could not be held liable?

What are the obligations of a bailee?

Can Bailee be held liable when due care is taken?

Which of the following are the two 2 basic duties of a bailee?

Can a bailee be held liable when negligent?

What are the responsibilities and liabilities of Bailee?

What are the liabilities of a bailee?

Interesting Questions

What is a bailment agreement?

What is the purpose of a bailment agreement?

Who is the bailor in the Tarrant Bailment Agreement?

Who is the bailee in the Tarrant Bailment Agreement?

What responsibilities does the bailee have under this agreement?

What happens if the property is damaged or lost while in the bailee's care?

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