Bailment Definition in Nebraska

In Gerdes v. Klindt, 253 Neb. 260, 268, 570 N.W.2d 336, 342-43 (1997), the Nebraska Supreme Court defined "bailment" as:

The delivery of personal property for some particular purpose or on mere deposit, upon a contract, express or implied, that after the purpose has been fulfilled, it shall be redelivered to the person who delivered it or otherwise dealt with according to that person's directions or kept until reclaimed, as the case may be. . . . "Bailment" may be said to import the delivery of personal property by one person to another in trust for a specific purpose, with a contract, express or implied, that the trust shall be faithfully executed and the property returned or duly accounted for when the special purpose is accomplished.