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

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

Name: Wayne Michigan 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:

Wayne

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 Wayne Michigan Bailment Agreement With Bailee To Maintain And Care For Property, And Assume Liability For Damage Or Loss?

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FAQ

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.

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.

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 has right to claim proportionate share in mixed goods. According to Section 155 of the Indian Contract Act, 1872, It is the duty of bailee, not to mix the goods bailed with his own goods without the consent of the bailor.

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.

In a mutual benefit bailment, the standard of care is that of reasonable care. Failure to use reasonable care may subject the bailee to liability for any damages that may occur, unless the bailee limits its liability. In a mutual benefit bailment, the bailor has certain rights and responsibilities.

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.

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.

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.

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

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Parties to a bailment contract are called the bailor and bailee. Products. Raytheon Aircraft is a defendant in a number of product liability lawsuits which allege personal injury and property damage and seek substantial.With contracts for construction, acquisition of properties, etc. Other Pennsylvania- New Jersey Bridges.

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

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

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

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

What are the responsibilities and liabilities of Bailee?

What are the rights of a bailee?

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

What is the standard of care for a bailment?

What are the responsibilities and liabilities of bailor and bailee?

What are the liabilities of a bailee?

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

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

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What is a Wayne Bailment Agreement with Bailee?

Why would someone use a Wayne Bailment Agreement with Bailee?

Who is the bailee in a Wayne 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 possession?

Can the owner terminate the bailment agreement?

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