LSDefine
Simple English definitions for legal terms
A quick definition of locatum:
Locatum is a fancy word that means hiring. It's when one person gives something to another person to hold onto for a specific reason. This is called a bailment. It's different from selling or giving something away because the person who gave it still owns it. There are different types of bailments, like when you pay someone to park your car or when you borrow something from a friend. Sometimes, a bailment happens by accident, but the person who has the thing has to give it back to the owner. Locatum can also mean when someone pays money to get someone out of jail.
A more thorough explanation:
Term: Locatum
Definition: Locatum is a historical term that refers to a hiring agreement. It is a type of bailment, which is when one person delivers
personal property to another person for a specific purpose under a contract. Unlike a sale or gift, the property's possession changes, but not the title. For example, if you lend your friend your bike, it is a bailment because you still own the bike, but your friend has possession of it for a specific purpose.
Examples:
- A parking attendant who takes care of your car while you are away is an example of a bailment for hire, which is a type of locatum. The bailee (parking attendant) is compensated for taking care of the bailor's (car owner's) property.
- If you borrow a book from the library, it is also a type of bailment. The library owns the book, but you have possession of it for a specific purpose, which is to read it.
locator |
Lochnerize
