How Bailees helps in Storage and Safekeeping
How Bailees helps in Storage and Safekeeping?
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There is a duty to take reasonable care of goods stored with them (e.g., warehouse storage, car parking lot where operator takes car keys). Unless the goods are fungible (replaceable with identical goods also in storage, such as grain), the bailee must return the exact goods stored. The contract may contain an express or implied authority to subcontract for storage of the goods with another warehouse, with the nature of the goods being a determining factor. The terms of a contract may reduce liability.
1. GML owns 92% of the issued shares in Explorer Ltd. The remaining 8% of the shares are held by five individuals, including a Mr Owen who owns 0.5% of the issued shares. Mr Owen is a high profile individual who has at times been critical of the Chinese government’s activities in the South China
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