Learning Objectives
After reading this chapter, you should understand the following:
- What the elements of a bailment are
- What the bailee’s liability is
- What the bailor’s liability is
- What other rights and duties—compensation, bailee’s liens, casualty to goods—arise
- What special types of bailments are recognized: innkeepers, warehousing
- What rules govern the shipment of goods
- How commodity paper is negotiated and transferred