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BUSI 2601 (73)
Lecture

Nov 27.docx

2 Pages
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Department
Business
Course Code
BUSI 2601
Professor
Gilles Le Vasseur

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Description
Bailment transfer property temporarily to possess the goods for its usage Bailment for value payment for usage of property leasing a car and crossing the border raises eyebrows You have to justify why youre leasing a car Gratuitous bailment dealing with a bailment that requires no transfer of funds example borrow your neighbors slowblower Where it is for money there is a higher standard expected because youre making an economic performance Obligations need to determine the service provided example rent a storage unit they allow you to have a space Terms how much you need to payExtent for damage or loss delivery of a good by a company Unless they waive any liability in the agreement they are responsible for reasonable care and diligence Normally the delivery company is liable for a value of 40You are required to return the good with the normal usage of the goo
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