Bailment: Difference between revisions

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	A special type of {{tag\|security}} ~~interest~~, most commonly articulated in the word of finance in the shape of a [[pledge]]. A [[bailee]] has possession of but no [[legal title]] to the chattel, but this operates as good practical {{tag\|security}}, because the [[bailee]] can demand the [[bailor]] pay its bill before giving the item back.		{{a\|glossary\|}}A special type of {{tag\|security interest}}, most commonly articulated in the word of finance in the shape of a [[pledge]]. A [[bailee]] has possession of but no [[legal title]] to the chattel, but this operates as good practical {{tag\|security}}, because the [[bailee]] can demand the [[bailor]] pay its bill before giving the item back.

	This is why your mechanic has that smug look when you roll up in the Disco for your MOT.		This is why your mechanic has that smug look when you roll up in the Disco for your MOT.