In the context of property transfer, who is the bailor?

In property transfer contexts, the term "bailor" refers to the individual or entity that transfers their property into the custody of another party, typically for a specified purpose, such as repair, storage, or service. By doing so, the bailor retains ownership of the property while temporarily relinquishing physical control. This relationship usually involves a mutual understanding, where the bailee—the receiving party—agrees to take care of or service the property.

The key aspect of the bailor's role is the initiation of the transfer of possession without transferring ownership. This makes the option focusing on the person who transfers their property for service the correct choice. In this scenario, the bailor entrusts their property to the bailee, who must exercise appropriate care and ultimately return the property after the specified purpose has been fulfilled. Understanding this relationship is crucial in various legal and transaction contexts, especially in the fields of property law and insurance.