What is the term for the owner of an object in a bailment situation?

In a bailment situation, the owner of the object is referred to as the bailor. This term is significant within the context of bailment because it identifies the party who temporarily transfers possession of their personal property to another party, known as the bailee. The bailor retains ownership of the property but hands over its physical possession for a specific purpose, such as storage, repair, or transportation, with an expectation that the item will be returned after the bailment period ends.

Understanding the roles in a bailment is crucial. The bailee is the one receiving the property and is responsible for its care while it is in their possession. The distinction between the bailor and bailee highlights the nature of the legal responsibilities each party has in regards to the property, based on their agreement. Other terms like possessor and custodian do not specifically reflect the legal relationship defined in bailment law, which centers around the bailor-balee dynamic. This clarity helps in understanding liability and rights concerning personal property in various legal situations.