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The FIRST RESTATEMENTS and the VISION of the  Form

The FIRST RESTATEMENTS and the VISION of the Form

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[Music] this is the first time that a restatement has attempted to restate bailment law as a singular doctrine there have been sections that touched on bailment law that were interspersed in various other places like the restatements of torts but this is the first time that a property restatement project has attempted to take bailment as a single coherent doctrine and so what we're trying to do in this statement um first of all is provide sort of a coherent conceptual framework about how to think about bailment what are the respective roles of baseline property norms and contractual agreements in determining the scope of the obligations and the liability of baileys and also the scope of their freedom of action their their ability to make use of the bailed property we are trying to make clear that bailment is a baseline common law doctrine which has been superseded in many transactional contacts by specific statutes like the ucc on commercial leases like the warehouse acts there

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