bailment-lease

bailment-lease
A form of contract calling for instalment payments, but without a debtor-creditor relationship expressly created. Re Robinson (DC Pa) 40 F Supp 320.

Ballentine's law dictionary. . 1998.

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  • 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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  • Bailment — describes a legal relationship in common law where physical possession of personal property (chattels) is transferred from one person (the bailor ) to another person (the bailee ) who subsequently holds possession of the property. However, it is… …   Wikipedia

  • lease — Noun: A contract for the possession and profits of lands and tenements on the one side, and a recompense of rent or other income on the other. A conveyance by one to be known as the landlord to another to be known as the tenant, ordinarily for a… …   Ballentine's law dictionary

  • lease of personalty — See bailment …   Ballentine's law dictionary

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  • CONTRACT — (Heb. חוֹזֶה, ḥozeh), in general law theory a legally binding agreement between two or more parties, in terms of which one party undertakes for the benefit of the other to perform or refrain from a certain act. As such, contract is the main… …   Encyclopedia of Judaism

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