n. 1) the act of custody and control of another, usually by agreement, in which the holder (Bailee) is responsible for the safe conservation and restitution of the property. Examples: bonds left at the bank, cars parked in a garage, animals housed in a kennel or warehouse (as long as the goods can be moved and under the control of the custodian bank). While most „lease bonds“ are those for which the depositary is paid, there is also „constructive bond“ if the circumstances create an obligation for the depositary to protect the goods and „free bond“ for which there is no payment, but the bailout is still responsible, for example. B if a discoverer of a lost diamond ring places it with a custodian, until the owner is found. (2) the goods themselves held by a surety. Thus, the Bailor (owner) leaves the „bailment“ (goods) of the „bailee“ (custodian bank), and the whole operation is a „bailout“. (See Bailee, Bailor) Lease, contracts. This word derives from the French, Bailler. 2 bl. Com.

451; Jones` bailm. 90 story about Bailm. c. 1, § 2. It is a complementary expression to designate a contract that arises from the delivery. It has been defined as a delivery of goods on a condition, express or implied, that they are restored by the subcontractor or according to his instructions, as soon as the purposes for which they are saved receive a response. A bailiff of Jones. 1. Or it is a delivery of goods in trust on an explicit or implied contract, that the trust is properly exported and that the goods are re-delivered once the time or use for which they were saved has elapsed or fulfilled.

Jones` bailm. 117. 2. Each of these definitions, says Judge Story, seems redundant and imprecise, if that`s the proper function of a definition, include only things that belong to the gender or class. Both definitions assume that the goods must be restored or rede delivered; But in case of a deposit for sale, as for a delivery to a postman, no new delivery between the parties is envisaged. In some cases, no use is envisaged by the guarantor, in others it is the nature of the contract: in some cases, time is essential to terminate the contract; in others, time is needed to give a new secondary right. History, on Bailm. c. 1, § 2. 3. Blackstone J.

defined a surety as a delivery of goods in confidence, either explicitly or implicitly, that the trust be faithfully performed by the Bailee. 2 bl. Com. 451. And in a place other than the delivery of goods to another person for a particular use. 2 bl. Com. 395. Void Kent`s Comm. Lect. 40, 437.

4.M. Justice Story says that a surety is a delivery of a thing in trust for a particular purpose or contract, explicit or implied, to meet the purpose or purpose of the trust. History of Bailm. c. 1, § 2. This fits very closely with Merlin`s definition. Empty Directory, word Bail. 5. Bailouts are divisible in three ways: 1) those for which the trust benefits the Bailor as deposits and warrants.

2. Those for whom the trust serves as an ex gratia loan for the bailout. 3. Those for whom the trust is for the benefit of both parties, as pledge or pledge, and hiring and leasing. . . .

Categories: Allgemein