Chapter 12 Bailments and the Storage, Shipment, and Leasing of Goods

Learning Objectives

After reading this chapter, you should understand the following:

1. What the elements of a bailment are
2. What the bailee’s liability is
3. What the bailor’s liability is
4. What other rights and duties—compensation, bailee’s liens, casualty to goods—arise
5. What special types of bailments are recognized: innkeepers, warehousing
6. What rules govern the shipment of goods
7. How commodity paper is negotiated and transferred