Commentary

101.2 Fixed or determinable period

BAILMENT vol 3(1)
BAILMENT vol 3(1) | Commentary

101.2 Fixed or determinable period

BAILMENT vol 3(1) | Commentary

101.2 Fixed or determinable period

It is normally preferable for the lending museum to agree to lend for a specific term rather than to lend ‘at will’ or ‘until further notice’. In many cases the period will be defined by specific dates. Alternatively, it might be made determinable by reference to external events. For example, the agreement might require the object to be returned within five working days of the final date of the borrower’s exhibition, or immediately upon damage to the object even though the conventional period of the loan has not expired1.

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