Gratuitous bailments occur when property is transferred to another person without either party giving or asking for payment of any kind.

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Gratuitous bailments occur when property is transferred to another person without either party giving or asking for payment of any kind. A gratuitous bailment lacks consideration, and it can be rescinded at any time by either party. Parties to such agreements usually consider them only as favors. In reality, however, definite legal responsibilities are placed upon both the bailor and the bailee.

Gratuitous Bailments Occur When Property Is Transferred to Another Person