New Mexico Limitation of Liability for Gratuitous Bailments
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Description
A gratuitous bailment is a type of bailment in which the bailee receives no compensation. An example would be borrowing a friend’s car. A gratuitous bailee is liable for loss of the property only if the loss is caused by the bailee's gross negligence. Therefore a lower standard of care is imposed upon the bailee in a gratuitous bailment.
