Bailment

“a delivery of a thing in trust for some special object or purpose, and upon a contract, expre or implied, to conform to the object or purpose of the trust.” (Story, on “ Bailment.”) The party who deliyers the thing bailed to another is called the bailor; the one receiving it is ealled bailee. Various degrees of diligence are required of the bailee, according to the nature of the bailment.