Bailment definition

Bailment means the delivery of goods by one person to another for some purpose, upon a contract that the goods shall when the purpose is accomplished, be returned or disposed of according to the direction of the person who delivered them;

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Bailment means the act of placing property in the

Bailment means the act of delivering goods or personal

Examples of Bailment in a sentence

The terms and conditions of the Restricted Account and Security Agreement, the Collateral Bailment Agreement, and the Custodian Agreement are incorporated herein by reference.
The Trustee shall not permit the release of the obligations of any bailee under any Bailment Agreement and shall at all times, to the extent permitted by law, cause to be defended, enforced, preserved and protected the rights and privileges of the Trustee under or with respect to each Bailment Agreement.
The Trustee shall cause to be diligently enforced, and take all reasonable steps, actions and proceedings necessary for the enforcement of, all terms, covenants and conditions of all Bailment Agreements.
The Trustee shall not consent or agree to or permit any amendment or modification of any Bailment Agreement which will in any manner materially adversely affect the rights or security of any Beneficiaries.
Furthermore, MASIMO, under the terms of the Bailment Agreement executed or to be executed with IVEMSA assumes responsibility for providing each and every piece of machinery, equipment, tool, utensils, and items necessary to implement the production process.

More Definitions of Bailment

Bailment means any agreement in which the Contractor permits the commercial or non- commercial access and use of Laboratory Biological Materials or Laboratory Tangible Research Product for the specified purpose of technology transfer or research and development, including without limitation for the purpose of evaluation, and without transferring ownership to the bailee. Bailment does not apply to computer software.

Bailment means an agreement, other than a leasing-contract, under which goods are rented to a bailee on a temporary basis in consideration for a monthly rental and property in the goods remains with the bailor;

Bailment means a delivery of goods or movable personal property by one person to another in trust for the execution of a special object upon or in relation to goods beneficial either to the bailor or bailee or both and upon a contract, express or implied, to perform the trust and carry out the object and either redeliver the goods to the bailor or dispose of the goods in conformity with the purpose of the trust;

Bailment means the transfer, by written or verbal contract, of an agricultural commodity by an owner

Bailment means the act of delivering goods or personal property to another in trust.

Bailment means the transfer, by written or verbal contract, of an agricultural commodity by an owner of a commodity to a producer for the purpose of obtaining the producer's services in planting, growing, harvesting, or delivering back to the owner the agricultural commodity. The term includes any one or all of the enumerated transactions, whether title passes or not.

Bailment means a legal circumstance when a customer has entrusted possession or control of a digital asset to a bank for a specific purpose, pursuant to an express agreement that the purpose shall be faithfully executed and that possession or control of the digital asset will be returned when the specific purpose is accomplished or when the customer requests return of the asset, consistent with W.S. 34-29-104. This term means a change in possession or control but not a change of title, and may be carried into effect through the exercise of fiduciary and trust powers or on a purely contractual basis;