Bailment: Difference between revisions
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To be compared with a trust relationship, where the person holding the item has legal title to it, but not possession. | To be compared with a trust relationship, where the person holding the item has legal title to it, but not possession. | ||
===[[Cash]] and [[bitcoin]]=== | ===[[Cash]] and [[bitcoin]]=== | ||
Can you have a [[bailment]] over [[cash]]? The [[Jolly Contrarian]] has heard it said — by persons of good repute — that one can, but | Can you have a [[bailment]] over [[cash]]? The [[Jolly Contrarian]] has heard it said — by persons of good repute — that one can, but he struggles with that idea. If I deliver you cash, even by way of [[surety]], it is in the nature of [[cash]] that you take title to it absolutely. Any third person to whom you give it takes title to it absolutely without need to enquire as to competing interests. If [[cash]] didn’t have this quality, it would be less valuable as ''[[cash]]''. | ||
{{seealso}} | {{seealso}} |