ADM-477: Business Law
I can provide book link if needed.
Bailments are so commonplace that you likely have been involved in a bailment relationship. Let’s examine an everyday example. April drives her car to Monte’s Restaurant and gives the restaurant’s valet her keys to park her car in the restaurant’s secure parking lot. This common occurrence is known as a bailment. The bailor (April) has delivered her personal property (her car) to the bailee (Monte’s Restaurant) under the agreement that the bailee will return the property to the bailor at the end of the bailment, which occurs once April has finished her meal and paid her bill. So, if you ever have used valet parking, you also have participated in a bailment relationship!
Upon successful completion of the course material, you will be able to:
Explain the rights and responsibilities of the parties in a bailment relationship.
Jeff is an avid UNC–Chapel Hill basketball fan and drives to the Greensboro Coliseum to watch his beloved Tarheels play in the Atlantic Coast Conference (ACC) basketball tournament against their arch-rivals, the Duke University Blue Devils. When Jeff arrives at the parking lot, he pays $20 to the attendant for parking and takes a ticket. On the ticket is printed “WARNING: Not responsible for damage to personal property while on Greensboro Coliseum premises.” He parks his car, puts his keys in his pocket, and enters the Coliseum.
Jeff is overjoyed as he watches the Tar Heels beat the Blue Devils by 30 points. Returning to his vehicle, he is shocked to see his windshield bashed in and surmises that the perpetrator must have been a Blue Devil fan—after all, a large, heavy Blue Devil statue now protrudes from Jeff’s Carolina-blue car’s windshield! Jeff also surmises that the vandal is probably long gone by now (since the Tar Heels were leading by 25 points at halftime) and already well within the protective confines of the stone wall surrounding Duke University 60 miles away.