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Greensboro Coliseum Case

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I have read your case, and I am deeply sorry for what happened to your property at the Greensboro Coliseum parking lot. Since you paid the Greensboro Coliseum for the parking lot fee and they were responsible to watch out your asset while you were away, the bailment agreement was established. Due to that, I have some information relating to the bailment relationship and the rights as well as liabilities for both parties, you and the Greensboro Coliseum, in this relationship. According to Investopedia, bailment is defined as “the contractual transfer of possession of assets or property for a specific objective. In bailment, the deliverer of the asset is the bailor, the receiver is the bailee” (Investopia). In the bailor-bailee relationship, both parties hold some specific rights and liabilities. For bailors, there are some duties and liabilities such as repayment of expenses (a duty to pay for all expenses the bailee spends for the purpose of the bailment), disclosing of defects …show more content…

As I observe, the ticket clearly conveys the message “WARNING: Not responsible for damage to personal property while on Greensboro Coliseum premises" so that we all can understand that the company is not responsible to pay for any damages in the parking lot. In other words, you are at your own risk when you park at the parking lot since they clearly state the message on the ticket. Even though the bailment relationship existed and the company is supposed to cover for your damages according to the duties and liabilities of bailees, there will be no damages payments from the company covering for your loss due to the message which was clearly written on the ticket. They assume you understand the condition in this bailment

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That’s when is released from jail while the criminal case is pending. Usually begging with a bond which is a contract between bondsmen and defendant’s the defendant pays to get out of jail. There are three types of bonds personal recognizance bond this type is when a defendant promises they will show up to court also known as release on recognizance or (ROR) this is when the defendant is seen as reliable and has roots in the community. Since you can’t do that with every defendant another type of bails bond is a cash bond used in many states the defendant will have to post ten percent of the bail amount in cash with the court. Last but not least the most common type of bails bond used surety, Surety bond makes sure you show up to your court dates.

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But most people do not have that kind of amount of money. The bond amount varies depending on the type of crime committed but it is normally too high for the person to afford. If possible the second option the criminal has is to use a property of his or hers like a house or any other lot. The third option is to initiate the bail bonds process by

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In this case, the actual title must be given to the court and will be returned once the individual complies with the terms of the bail agreement. Should they not appear in court, a lien is placed on the property and it will be forfeited by the accused. Another type of bond used to get someone freed from jail is a surety bond. In this case, a bail bonds person will post the bail in exchange for a fee based on a percentage of the bail amount. The bail bond agent or attorney who pays the bail is responsible for the guarantee that the defendant will show up for their court date.

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Officers provide a citation to the arrestee that has an official court date listed. The appearance of the defendant is purely up to the integrity of he or she cited as no financial burden is imposed, but arrest warrants and additional fines for failure to appear may be issued if the defendant does not attend court. Surety Bond: A surety bond essentially describes the function of a bail bonds company. A bail bonds company or other licensed third party becomes the indemnitor of the suspect 's total bail amount, meaning they legally take on responsibility for the total amount. A fee is charged for the service that the third party or bail agent keeps.

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The bail bond is more like third party that acts as a financial institution that pays the bail on behalf of the arrestee. The way bail bond system works is by making the arrestee pay upfront a nonrefundable percent to the bail bond company, this percent is usually 10% of the whole amount of the bail. [4] Then, the bail bond company pays the bond to the court and when the arrestee goes to his or her trial date the bond company will received the full amount of the bail they posted to the court for the released of the arrestee, so basically the bail bond company at the end receives all of its money back plus they get to keep the nonrefundable 10% that the arrestee paid up front. [4] There has been a lot of debates about the bail bond system because it is not for the benefit of indigent people because at the end indigent arrestees end up paying more than affluent arrestees who are able to pay for their bond themselves. In my opinion, I think that the author of the article is correct about describing the bail bond system as archaic.

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Lippman, Matthew. (2017). Essential Criminal Law (2nd ed.). Thousand Oaks, CA: Sage Publications. Malani, Anup. (2007)

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