Business law……due tomorrow……please read before submitting
Gratuitous bailments are distinguished from other forms of bailment because they are entered into voluntarily and without receiving any sort of compensation in return. This form of bailment is commonly utilized when one party delivers property to another party for a specific purpose without expecting payment or remuneration on either side; instead, each party expects that their property will be returned safely and securely once it has fulfilled its intended function. In Debbie’s case, she expected that her watch would be returned to her after being fixed by Harry’s Custom Jewelers.
The nature of this particular gratuitous bailemnt also dictates certain obligations on both parties involved: while Debbie had an obligation to provide accurate information about her timepiece and disclose any damage or repair needs prior to leaving it with the store, Harry’s Custom jewelers was obligated to exercise reasonable care over the watch during its possession and must return it in substantially similar condition as when received – barring any damages that may have occurred due to normal wear-and-tear during repair/maintenance services performed on site at Harry’s shop. As long as both parties fulfill their respective duties under this gratuitous bailemnt agreement, then they can expect full satisfaction upon completion.