Business Law: Principles for Today's Commercial Environment 3rd Edition by Marianne Moody Jennings, David Twomey, Marianne Jennings

Exercise 14

Rhodes parked his car in the self-service parkand- lock lot of Pioneer Parking Lot, Inc. The ticket that he received from the ticket meter stated the following: "NOTICE. THIS CONTRACT LIMITS OUR LIABILITY. READ IT. WE RENT SPACE ONLY. NO BAILMENT IS CREATED." Rhodes parked the car himself and kept the keys. There was no attendant at the lot. The car was stolen from the lot. Rhodes sued the parking lot on the theory that it had breached its duty as a bailee. Was there a bailment [Rhodes v Pioneer Parking Lot, Inc. 501 SW2d 569 (Tenn)]