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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]]=== | |||
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]]''. | |||
{{ | What of [[crypto asset]]s? An emerging question. The more they look like an asset, the more you can bail it. The more it looks like cash, the harder that would be. The importance of code in determining who has it — as to which, see {{br|Code: Version 2.0}} — makes it look, in practice, more like cash. | ||
{{sa}} | |||
*[[Pledge]] | *[[Pledge]] | ||
*[[Charge]] | *[[Charge]] | ||