BU231 Lecture Notes - Lecture 9: Estoppel, Breach (Security Exploit), Fiduciary
Document Summary
Change in possession, with no change in ownership. For land, it doesn"t work that way, because you can"t process land, without owning it. You have to trust that the other person will bring it back. Exists as a combination of tort and contract. Varying standard of care how much responsibility i should have for looking after your stuff. Bailor is the owner who is giving up possession. Bailee is the receiver who gets the possession: gratuitous bailment of benefit of bailee the person who gets the stuff in exchange for nothing, to do the bailee a favor. I would have to look after _____, better than i would look on it than my own. You should take care of their stuff, as a priority over your stuff: bailment for value contractual you don"t have to prefer their stuff of your own. You just have to do what is appropriate to the situation.
