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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.

Related Words

  • Bail (verb)
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