Bailor Law and Legal Definition

A bailor is a person who transfers possession of property or goods to the custody of another (bailee), usually under a contract of bailment. A bailment is an act of transferring/placing property or goods in the custody and control of another. A bailment is created by the voluntary taking into custody or possession of goods or property which belongs to another. The bailor need not be the real owner of the property or goods transferred to the bailee, but can be a finder (ex: jewelry) of the property who places it with the bailee. A bailor must act in good faith towards the bailee.