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Rights, Liabilities, and Duties

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Please explain rights, liabilities, and duties of bailees and bailors.

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This solution explains rights, liabilities, and duties of bailees and bailors.

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Rights of Bailees: Certain rights are implicit in any bailment agreement (absent explicit terms to the contrary), namely

(1) the right to control and possess the bailed property during the term of the bailment agreement,

(2) in some cases, the right to use the bailed property,

(3) except in cases of gratuitous bailments, the right to be compensated, and

(4) the right to limit their liability for damage to the bailed property by agreement with the bailor, as long as the limitation (a) is called to the bailor's attention and (b) is not contrary to public policy.

Duties ...

Solution provided by:
Sandeep Bardia, MBA
Education
  • BCom, SGTB Khalsa College, University of Delhi
  • MBA, Rochester Institute of Technology
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