Examlex
Discuss the advantages and disadvantages of using executive judgment in forecasting company sales.
Bailment Period
The duration during which personal property is legally entrusted to someone who is not the owner, under a contract for a specific purpose.
Bailment
A legal relationship in common law where physical possession of personal property, or a chattel, is transferred from one person (the bailor) to another (the bailee) who subsequently has possession of the property.
Contract
A legally enforceable agreement between two or more parties that creates mutual obligations enforceable by law.
Gratuitous Bailment
A bailment where the bailee holds the bailed property without receiving compensation, doing it for the bailor's benefit only.
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