Colorado Springs Colorado Limitation of Liability for Gratuitous Bailments
Category:
State:
Multi-State
City:
Colorado Springs
Control #:
US-1340982BG
Format:
Word;
Rich Text
Instant download
Description
A gratuitous bailment is a type of bailment in which the bailee receives no compensation. An example would be borrowing a friend’s car. A gratuitous bailee is liable for loss of the property only if the loss is caused by the bailee's gross negligence. Therefore a lower standard of care is imposed upon the bailee in a gratuitous bailment.
