Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

bailee (custodian)

Read a random definition: shareholders' agreement

A quick definition of bailee (custodian):

A bailee is someone who takes care of someone else's things for a little while. They have to make sure the things are safe and give them back to the owner when they are done taking care of them. It's like when you give your toy to a friend to play with, but they have to give it back to you when they are done.

A more thorough explanation:

A bailee is a person or entity who receives possession of someone else's property or goods through a contract called a bailment. The bailee is responsible for taking care of the property or goods and returning them to the owner (bailor) when the contract is fulfilled.

Unlike a sale, where ownership of the property or goods is transferred to the buyer, a bailee only has temporary possession and must return the property or goods to the owner. A bailee is also known as a custodian.

Examples of bailees include:

  • Banks holding bonds
  • Storage companies where furniture or files are deposited
  • Parking garages
  • Kennels or horse ranches where animals are boarded

These examples illustrate the definition of a bailee because in each case, the bailee is taking temporary possession of someone else's property or goods. The bailee is responsible for keeping the property or goods safe and returning them to the owner when the contract is fulfilled.

bailee | bailiff

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
20:05
@windyMagician: u dont know what youre talking about
lilypadfrog
20:05
what’s next. mr. beast is hot? let’s get serious here
20:05
get real
lilypadfrog
20:05
get a grip buddy
its okay if you hate me, they hated jesus
Dkk
20:06
Asmongold, super hot especially after a 72 hour no shower session.
lilypadfrog
20:06
I don’t even know who that is
lilypadfrog
20:06
Dk is a new kind of pervert
Dkk
20:06
I just found out about that guy a week ago but he is actually a big streamer. Sam Hyde told me about him.
lilypadfrog
20:07
your good personal friend Sam Hyde
YouTube is recommending sam hyde to me thanks to dk
Dkk
20:07
Lmfao, that would be cool but nah. Told me about him in a super secret leaked video called "Dear Elon"
lilypadfrog
20:08
I almost saw a picture of Nick Mullen’s penis once
Dkk
20:09
Classic Season 1/2 cumtown leak.
lilypadfrog
20:09
He sent it to my friend
Well I look like a bum, use to my work computer not allowing us to send emails without a subject and sent one without a subject to UTK. Blame the newborn baby brain
20:10
@BulbasaurNoLikeCardio: wow you are really impressive applying to law school as a newborn baby
20:10
.
Dkk
20:11
@lilypadfrog: Speaking of Destiny and Nick. Still seems like Nick is leaking graphic content: https://x.com/brandonpagano/status/1881468884798365804
lilypadfrog
20:11
I read that as you sent them a pic of the baby for a second
kjds are getting crazier
texaslawhopefully
20:11
Sorry to interrupt this scintillating conversation but uchicago needs to release tmrw 😭
20:11
.........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
20:12
sorry
are we not going to get context on nick mullen sending nudes to your friend
lilypadfrog
20:13
he was sexting anyone back in the day and she’s cute
awww
New born baby brain is what you get when you can only sleep in small increments for days straight lol and if I sent them a picture of her I would of gotten a second A so she can attend full ride
Dkk
20:18
@lilypadfrog: lol desperate guy
Trismegistus
20:18
tex i need an A tomorrow from chicago
LSD+ is ad-free, with DMs, discounts, case briefs & more.