The hire of custody1 is a form of bailment comparable in some respects to that of deposit2. The two forms of bailment, however, differ materially in that whilst in deposit there is no reciprocity of advantage, all the benefit being conferred on the bailor, in the contract of hire of custody there is a mutual advantage to both the owner of the chattel and the person who undertakes to keep it safely for reward3.
The contract of custody for reward, which is consensual4 and need not be evidenced by writing, requires for its inception the concurrence of the following conditions:
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and millions of others like it, sign-in to LexisLibrary or register for a free trial.
EXISTING USER? SIGN IN
TAKE A FREE TRIAL
0330 161 1234