Bailment: Legal Relationship Explained

What is the concept of bailment?

Is it true or false to say that in a bailment, the title to the goods stays with the bailor?

Answer:

True

Bailment is a legal relationship between two parties in common law where assets or property are transferred from a bailor to a bailee. In this relationship, the bailor transfers physical possession of a piece of personal property to the bailee for a certain period of time but retains ownership.

During a bailment, the title (ownership) to the goods indeed stays with the bailor. The bailee temporarily possesses and takes care of the goods, but the bailor remains the owner. However, despite retaining ownership, the bailor is not entitled to use the property during the bailment period.