North Dakota Bailment Agreement with Bailee to Maintain and Care for Property, and Assume Liability for Damage or Loss

State:
Multi-State
Control #:
US-1340906BG
Format:
Word; 
Rich Text
Instant download

Description

A Bailment is the temporary placement of control over, or possession of, personal property by one person, the Bailor, into the hands of another, the Bailee, for a designated purpose upon which the parties have agreed.
Free preview
  • Preview Bailment Agreement with Bailee to Maintain and Care for Property, and Assume Liability for Damage or Loss
  • Preview Bailment Agreement with Bailee to Maintain and Care for Property, and Assume Liability for Damage or Loss
  • Preview Bailment Agreement with Bailee to Maintain and Care for Property, and Assume Liability for Damage or Loss
  • Preview Bailment Agreement with Bailee to Maintain and Care for Property, and Assume Liability for Damage or Loss

How to fill out Bailment Agreement With Bailee To Maintain And Care For Property, And Assume Liability For Damage Or Loss?

If you desire to complete, download, or print sanctioned document templates, utilize US Legal Forms, the premier repository of legal forms available online.

Employ the site's straightforward and efficient search function to locate the documents you require.

Various templates for corporate and personal purposes are arranged by categories and states, or by keywords and phrases.

Step 4. After you have found the form you need, select the Purchase now option. Choose your preferred payment plan and enter your details to create an account.

Step 5. Complete the transaction. You can use your credit card or PayPal account to finalize the purchase.

  1. Utilize US Legal Forms to find the North Dakota Bailment Agreement with Bailee to Maintain and Care for Property, and Accept Liability with just a few clicks.
  2. If you are currently a US Legal Forms user, Log In to your account and click on the Download option to obtain the North Dakota Bailment Agreement with Bailee to Maintain and Care for Property, and Accept Liability.
  3. You can also access forms you previously acquired in the My documents section of your account.
  4. If you are using US Legal Forms for the first time, follow the steps outlined below.
  5. Step 1. Ensure you have selected the form for the right city/state.
  6. Step 2. Use the Review option to examine the form's contents. Don't forget to read the description.
  7. Step 3. If you are not satisfied with the template, use the Search area at the top of the screen to find alternative versions of the legal form template.

Form popularity

FAQ

In either case reasonable disclaimers of liability are allowed. If the bailed goods need repair while in the bailee's possession, the usual rule is that ordinary repairs are the bailee's responsibility, extraordinary ones the bailor's.

It is well established now that Bailee will be liable for any loss or damage to the bailor which arises due to the negligence or lack of reasonable care of the goods bailed.

If the bailment is for the sole benefit of the owner (the bailor), the bailee is answerable only for gross neglect or fraud: the duty of care is slight.

The bailee is liable for any damages arising from their own negligence or the negligence of others who gain access to the item, for example, the item is stolen by an unknown third party while in the borrower's possession, or someone else uses the borrowed car while in the borrower's possession.

The bailee is not liable if the delay in delivering the goods or disposal of goods is due to default of others. Unexplained failure to return the thing bailed is presumed to be by the bailee's default;12And it would be presumed as his negligence.

In a bailment for mutual benefit, the bailee must take reasonable care of the bailed property. A bailee who fails to do so may be held liable for any damages incurred from his or her NEGLIGENCE.

The basic rule is that the bailee is expected to return to its owner the bailed goods when the bailee's time for possession of them is over, and he is presumed liable if the goods are not returned.

Trusted and secure by over 3 million people of the world’s leading companies

North Dakota Bailment Agreement with Bailee to Maintain and Care for Property, and Assume Liability for Damage or Loss