Who is referred to as the possessor of the object in a bailment?

In a bailment situation, the bailee is the party that has temporary possession of the property, which is entrusted to them by another party, known as the bailor. The primary responsibility of the bailee is to take care of the property and return it to the bailor after the agreed-upon purpose has been fulfilled. The bailee does not own the property but holds it for a specific purpose, which distinguishes them from the owner, who maintains legal ownership of the item.

Understanding the roles in a bailment is crucial for grasping the legal relationships and responsibilities that exist between the parties involved. The bailor, for instance, is the owner or provider of the property; the bailee is simply the possessor for the duration of the bailment. This delineation is important for establishing liability, as the bailee must exercise reasonable care over the property during their possession.