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Bailment Completed
The conclusion of a bailment arrangement, where personal property temporarily entrusted to another is returned to its owner or legally disposed of.
Bailee
A person or entity in temporary possession of property belonging to another, with the responsibility of care and return.
Bailor
The owner of a chattel who delivers possession of the chattel to another in a bailment.
Vicarious Performance
A performance of a contract by a third party, where the contracting party remains liable for the performance.
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