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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]]=== | |||
Can you have a [[bailment]] over [[cash]]? The [[Jolly Contrarian]] has heard it said — by persons of good repute — that one can, but thee [[JC]] 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}} | ||