Examlex
Each partner has the duty to inform the other partners about matters relating to personal profits from sources other than the partnership that do not relate to the goals of the partnership .
Bailee
A person or entity to whom personal property is delivered for a specified purpose without transfer of ownership.
Transfer Of Possession
The act of moving control or ownership of an asset from one party to another.
Bailee
A Bailee is a person or entity that has temporary possession of someone else's property under a bailment agreement.
Bailor
A bailor is a person or entity that entrusts their property to another (the bailee) under a bailment agreement, where the property is to be returned or otherwise disposed of according to the bailment terms.
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