A bailee is a person who receives possession of a property or goods through a contract of bailment. Unlike a contract of sale, the bailee has to return the goods or property to the bailor, under a contract of bailment. A bailee is responsible for the safekeeping and return of the property to the bailor or otherwise disposing it off according to the contract of bailment.
A bailor is a person who transfers possession of property or goods to the custody of another (bailee), usually under a contract of bailment. A bailment is an act of transferring/placing property or goods in the custody and control of another. A bailment is created by the voluntary taking into custody or possession of goods or property which belongs to another.
This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
South Carolina Waiver and Release for Furniture and Related Personal Property Stored by Bailee A South Carolina Waiver and Release for Furniture and Related Personal Property Stored by Bailee is a legal document that outlines the agreement between a bailee (the party storing the property) and the sailor (the party owning the property) regarding the storage and release of furniture and other personal property. This waiver and release form serves as protection for the bailee against any potential liability for damage, loss, theft, or other unforeseen circumstances that may arise during the storage period. By signing this document, the sailor acknowledges and accepts that they understand the terms and conditions of storage, absolving the bailee of any responsibility in case of damage or loss. Keywords: South Carolina, Waiver and Release, Furniture, Personal Property, Stored, Bailee, Legal Document, Agreement, Bailee's Liability, Damage, Loss, Theft. Different Types of South Carolina Waiver and Release for Furniture and Related Personal Property Stored by Bailee: 1. Standard Storage Agreement: This is a general waiver and release form that covers the storage of furniture and personal property by a bailee in South Carolina. It outlines the terms and conditions of storage, the responsibilities of both parties, and the limitations of liability imposed upon the bailee. 2. Limited Liability Waiver: This type of waiver and release form offers the sailor the option to declare a specific maximum value for the stored furniture and personal property. In the event of damage or loss, the bailee's liability will be limited to the predetermined value stated by the sailor. 3. Hazardous Materials Exclusion: This waiver and release form caters specifically to the storage of furniture and personal property that may contain hazardous materials. It outlines the additional requirements, precautions, and restrictions associated with storing such items and exempts the bailee from any liability arising from the hazardous materials. 4. Additional Insurance Coverage: This type of waiver and release form allows the sailor to arrange for additional insurance coverage for their stored furniture and personal property. It clarifies that any claims, damages, or losses will be handled through the insurance policy, and the bailee will not be held liable beyond the terms of the coverage. Keywords: Standard Storage Agreement, Limited Liability Waiver, Hazardous Materials Exclusion, Additional Insurance Coverage.
