Archives

Predating a document prior to the date it was actually drawn, which does not affect its negotiability.

A debt that is deemed uncollectible.

Fraud; the intent to mislead or deceive; conscious doing of a wrong for dishonest purposes.Differs from negligence in that the person is operating with furtive design or ill will.

A bond which guarantees the appearance of a person in court to answer a legal summons. Failure to appear forfeits the bond amount.

In the law of contracts and property. One to whom goods or property are entrusted. Can be either gratuitous (for no consideration) or for hire (for Consideration).

One who has temporary possession of personal property of others for a purpose other than sale and who in compensated for caring for it.

Policies which provide coverage on goods of others while in possession of bailee.

Bailee’s right to retain goods in his possession (bailed goods) for payment of services.

The act of placing goods in the possession of a bailee.

A contract whereby it is agreed the bailor will compensate the bailee.