bailment for hire

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. . 1998.

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

  • 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

  • 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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