ADMS 2610 Chapter Notes -Bailment, Common Carrier

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Voluntary transfer of possession of personal property from the owner called bailor to a third party called the bailee for a certain period of time with expectation that property will be returned. Benefit for bailee high standard of care: borrowing a lawn mower. Benefit for bailor gratuitous low standard of care: parking a car in someones garage. Highest standard duty of care carriers prepared to transport any property or an owner as long as they have facilities to do and are paid for their service. Duty to protect the goods from any kind of foreseeable risk and must replace or repair the goods as an insurer would. Chattel moveable items of property which are neither land nor permanently attached to land or a building, either directly or vicariously through attachment to real property, also known as personal property. Exculpatory clause a clause in the contract that limits or exempts a party from any liability for damage to the goods.

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