When does a bailment occur?

A bailment occurs when the owner of a physical item (the bailor) temporarily transfers possession of that item to another party (the bailee) for a specific purpose, with the understanding that the item will be returned or otherwise disposed of according to the bailor's instructions. This arrangement typically involves a contract, which can be express or implied, outlining the terms and responsibilities of both parties. The bailee is responsible for taking care of the item during the bailment period and must return it in the same condition, barring normal wear and tear.