bailment for hire

bailment for hire
: a bailment for the mutual benefit of the bailor and bailee for compensation (as where one hires the use of another's property or agrees to keep it safely or to transport it or where one bestows care, labor, or attention upon it) — compare pledge

Useful english dictionary. 2012.

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Look at other dictionaries:

  • bailment for hire — see bailment Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. bailment for hire …   Law dictionary

  • bailment for hire — A bailment in which the bailee is compensated; a bailment for the benefit of both parties. 8 Am J2d Bailm § 7 …   Ballentine's law dictionary

  • bailment for hire — A safekeeping agreement between a safekeeping institution and its customer. A contract whereby a third party bank or other financial institution, for a fee, agrees to exercise ordinary care in protecting the securities held in safekeeping for its …   Financial and business terms

  • bailment for mutual benefit — bailment for mutual benefit: bailment for hire at bailment Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • bailment for compensation — See bailment for hire …   Ballentine's law dictionary

  • bailee for hire — A person to whom possession of personal property is transferred and who is compensated for caring for such property; e.g. a mechanic to whom an automobile is entrusted for repairs is a bailee for hire. See also bailment (bailment for mutual… …   Black's law dictionary

  • bailee for hire — A person to whom possession of personal property is transferred and who is compensated for caring for such property; e.g. a mechanic to whom an automobile is entrusted for repairs is a bailee for hire. See also bailment (bailment for mutual… …   Black's law dictionary

  • bailment — bail·ment / bāl mənt/ n [Anglo French bayllment, from bailler to hand over see bail]: the transfer of possession but not ownership of personal property (as goods) for a limited time or specified purpose (as transportation) such that the… …   Law dictionary

  • bailment — A delivery of goods or personal property, by one person (bailor) to another (bailee), in trust for the execution of a special object upon or in relation to such goods, beneficial either to the bailor or bailee or both, and upon a contract,… …   Black's law dictionary

  • bailment — A delivery of goods or personal property, by one person (bailor) to another (bailee), in trust for the execution of a special object upon or in relation to such goods, beneficial either to the bailor or bailee or both, and upon a contract,… …   Black's law dictionary

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