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Important property law concept

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Bailment arrangements are very common and involve an important property law concept. Someone please define what a bailment is for the class.

How about some examples of bailments? List some of the times you've placed your property in the control of someone else. What is necessary to create a bailment and what are the different types of bailment? Please give an example and describe what type of bailment relationship you have given.

I want to spend a little time talking about property rights involved when a person mislays, loses, or abandons a piece of personal property. I think this is a really interesting segment of personal property law. Believe it or not, there is some basis in law for the schoolyard principle of "finders keepers, losers weepers"!

Please describe the definition of each situation (lost, mislaid, abandoned) and who has the right to the property in each situation.

Reference no: EM131152080

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