Bailment and the Property/Contract Interface
- Author(s):
- Christopher Newman
- Posted:
- 9-2015
- Legal Studies #:
- 15-12
- Availability:
- Full text (most recent) on SSRN
ABSTRACT:
This article seeks to contribute to both the theory of private law and our understanding of bailment doctrine. Building on earlier work by Thomas Merrill and Henry Smith, I offer a revised model of the interplay between property and contract, one that incorporates the concept of license. Applying this model to bailment doctrine, I find that it resolves certain problems that have long vexed the field, including the nature of a constructive bailment and the standard of liability for so-called "contractual deviation."