Legal Definitions - lucrative bailment

A lucrative bailment is a type of bailment where the bailee (the person who receives the property) is compensated for holding the property. This can happen when someone leaves their car with a parking attendant and pays a fee for the service. The bailee is responsible for keeping the property safe and returning it to the bailor (the person who owns the property) when the agreed-upon time is up.

Another example of a lucrative bailment is when someone hires a moving company to transport their belongings from one place to another. The moving company is compensated for holding and transporting the property, and they are responsible for keeping it safe during the move.

These examples illustrate the definition of a lucrative bailment because in both cases, the bailee is being paid for their services. They have a legal obligation to keep the property safe and return it to the bailor in the same condition it was received. This type of bailment is different from a gratuitous bailment, where the bailee receives no compensation for holding the property.