A bailment is not the same as a sale which is an intentional transfer of ownership of personal property in exchange for something of value a bailment involves only a transfer of possession or custody not of ownership a rental or lease of personal property might be a bailment depending upon the agreement of the parties. As noted bailment is defined as the rightful possession of goods by one who is not the owner for the most part this definition is clear and note that it does not dictate that a bailment be created by contract bailment law applies to the delivery of goods that is to the delivery personal property
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