bailment for hire

noun

  • Property Law

Definitions of bailment for hire

  • the transfer of possession, but not ownership, of goods by one person, the bailor, to another person, the bailee, and where the bailee is compensated for keeping the goods

    In the case of a bailment for hire, the bailee is under a duty to exercise ordinary care for the protection of the bailed property.

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Phrase Bank for bailment for hire