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Termination of Bailment

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TERMINATION OF BAILMENT. At the civil law a loan of property made for a definite time could not be revoked before the expiration of the time. But at common law the lender may disregard the contract and revoke the loan at will, as there was no consideration for the promise that the bailee might have the property a specified time. (Schouler, Bailments, Sec. 87.) So the bailee may de termine the bailment at any time by returning the prop erty; and the death, insanity, guardianship or bank ruptcy of either party may terminate the bailment. (Or ser v. Storms, 9 Cowan, 687; Browne, Bail. 2o.)