Bailee (Noun)
Meaning
The agent to whom property involved in a bailment is delivered.
Classification
Nouns denoting people.
Examples
- The warehouse company served as bailee for the shipment of electronics being transported across the country.
- When the boat was damaged in the storm, the marina acting as bailee was liable for the repair costs.
- According to the terms of the contract, the lessor was the bailee of the equipment until the lessee completed payment.
- By taking possession of the goods, the freight company became bailee and was responsible for their safe delivery.
- The art gallery was bailee for the valuable painting, which was on loan from a private collector.