Name___________________________________
Business Law II
Guided Notes – Ch.20
Mr. Kretschmer
20-1
Did you ever lend your friend something?
A
If so, you participated in a bailment.
is the transfer of possession without the transfer of ownership.
Who is the party who gives up possession of the property?
Who is the party who accepts possession and control?
List the four characteristics of a bailment:
1.
2.
3.
4.
A bailment must be
property.
Real property such as land and buildings,
be bailed.
Can a property be bailed by the person who has title to the goods? Give examples of persons
who may have possession.
There are two ways to transfer possession and control of goods. Give examples of each one
below:
Actual Bailments-
Constructive Bailments-
In order for a bailment to arise, both
shift from the bailor to the bailee.
and
Give an example of someone who would have custody of an item or items.
Can goods be modified when returned to the bailor? If so, explain.
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of the goods must
Name___________________________________
When does a bailment end?
If there is a bailment for a fixed period and someone dies, does the bailment end? Who does it
go to? Explain.
20-2
What is the cause of most of the legal problems that are associated with bailments?
List the three levels of care when it comes to the care of bailed goods:
1.
2.
3.
When only one party benefits from the bailment, a
example of this type of bailment.
bailment occurs. Give an
Give an example of an involuntary bailment.
There are three ways in which you can modify the nature of the bailee’s duty of care. List those
ways below:
1.
2.
3.
What are mutual-benefit bailments? Give an example.
What are bailments for sole benefit of a bailor? Give an example.
What are bailments for the sole benefit of the bailee? Give an example.
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Name___________________________________
20-3
agrees, for a fee, to transport goods for anyone who applies, provided
the goods are lawful and fit for shipment.
List the rights of a common carrier below:
1.
2.
3.
4.
What are some items that a bailment for hire may be negotiated for a fee?
List some examples of bailment’s for service below:
What does consignment mean?
Give some examples of consigned goods below:
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