What is the role of a bailor?

What is the role of a bailor?

• A. To insure the property of a bailee
• B. To assume the risk concerning property loss
• C. To retain ownership of property in possession of a bailee
• D. To manage claims for lost or damaged property

Answer: (C)

The role of a bailor is fundamentally about ownership and possession concerning personal property. In a bailment relationship, the bailor is the individual or entity that owns the property and thereby retains ownership, while temporarily transferring possession of that property to another party known as the bailee. This arrangement allows the bailee to use the property but does not affect the ownership rights of the bailor. The bailor typically entrusts the property to the bailee for a specific purpose, such as storage or repair, and upon completion of that purpose, the bailee is expected to return the property to the bailor. Understanding this relationship is crucial because it emphasizes that while the bailee has possession, the inherent ownership remains with the bailor throughout the bailment period.

The role of a bailor is fundamentally about ownership and possession concerning personal property. In a bailment relationship, the bailor is the individual or entity that owns the property and thereby retains ownership, while temporarily transferring possession of that property to another party known as the bailee.

This arrangement allows the bailee to use the property but does not affect the ownership rights of the bailor. The bailor typically entrusts the property to the bailee for a specific purpose, such as storage or repair, and upon completion of that purpose, the bailee is expected to return the property to the bailor.

Understanding this relationship is crucial because it emphasizes that while the bailee has possession, the inherent ownership remains with the bailor throughout the bailment period.