Bailment Contract

What is Bailment Contract?

The bailor turns over property to the bailee for some purpose and then the property is returned to the bailor with specified repairs or modifications, or in the same condition; as compared to a sale of property, which does not contemplate a return of the thing transferred.

Further Reading

For more detailed information, see our related Security Transactions And Mortgages terms:

• Installment Sale
• Article 9 of the U.C.C.
• Public Auction Sale
• Farm Products
• Home Equity Conversion Mortgage (HECM)

Reviewed by

Stephanie Bagnall

Licensed Attorney and Legal Researcher

Stephanie Bagnall is a Georgia-licensed attorney and legal researcher with experience in accessibility law, compliance, employment law, and legal writing. She helps develop and review BarPrepHero's Legal Terms content for clarity, accuracy, and usefulness to bar exam students.

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