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Bailee
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Term: bailee

1.

A person who takes lawful possession of goods and assumes responsibility for those goods as a consequence. For instance, freight handlers and those involved in shipping are considered bailees. Liability under the law of bailment applies independently to that of contract. Special property rights attach to the bailee while in possession of the goods.

Usage: The bailee took possession of the goods and delivered them to the third party.

Related Words: bailment; contract.


 

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