00:15 May 24, 2011 |
Spanish to English translations [PRO] Law/Patents - Law: Contract(s) | |||||||
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4 | bailment for hire contract |
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4 | commodate, as a contract of loan and restitution for valuable consideration |
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bailment for hire contract Explanation: The Spanish term sounds contradictory. It is basically the delivery of personal goods in trust, but in this case for a fee. Black's Law Dictionary: "Bailment: A delivery of personal property by one person (the bailor) to another (the bailee) who holds the property for a certain purpose, under an express or implied-in-fact contract… Unlike a sale or gift of personal property, a bailment involves a change in possession but not in title." -------------------------------------------------- Note added at 7 hrs (2011-05-24 07:17:13 GMT) -------------------------------------------------- as I understand it, the fee in question, is not paid by the person with whom the goods are deposited (for borrowing the goods), but rather TO the person with whom the goods are deposited for the custody of the goods. Example sentence(s):
Reference: http://www.fredoniainc.com/glossary/bodyb.html Reference: http://definitions.uslegal.com/b/bailment/ |
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commodate, as a contract of loan and restitution for valuable consideration Explanation: "Commodatum. The bailor retains the ownership of the thing loaned. The bailee acquires the use thereof but not its fruits; if any compensation is involved, to be paid by the person requiring the use, the agreement cease to be a commodatum....Simple loan may be gratuitous or with a stipulation to pay interest. In commodatum the bailor retains the ownership of the thing loaned, while in simple loan, ownership passes to the borrower. (1740a) " Example sentence(s):
Reference: http://www.batasnatin.com/law-library/civil-law/obligations-... Reference: http://books.google.com/books?id=-Pp-xSsBuIQC&pg=PA70&lpg=PA... |
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