Bailee: Difference between revisions
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In a [[bailment]], the [[bailee]] is the one who takes possession of the bailed chattel from the [[bailor]], who owns it. When you take the Disco in for its MOT you are the [[bailor]], and that smug bastard who finds something wrong with the CV boots<ref>Whatever the hell they are.</ref> or minor wear in the inside front left disc break - that's the [[bailee]]. | {{a|security|}}In a [[bailment]], the [[bailee]] is the one who takes possession of the bailed chattel from the [[bailor]], who owns it. When you take the Disco in for its MOT you are the [[bailor]], and that smug bastard who finds something wrong with the CV boots<ref>Whatever the hell they are.</ref> or minor wear in the inside front left disc break - that's the [[bailee]]. | ||
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Latest revision as of 17:11, 22 February 2021
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A word about credit risk mitigation
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In a bailment, the bailee is the one who takes possession of the bailed chattel from the bailor, who owns it. When you take the Disco in for its MOT you are the bailor, and that smug bastard who finds something wrong with the CV boots[1] or minor wear in the inside front left disc break - that's the bailee.
See also
References
- ↑ Whatever the hell they are.