Hiring

A contract for the use of personalty, or for services. A species of bailment for a price or recompense.

1.

As to things. A contract whereby the possession and a transient property is transferred for a particular time or use, on condition to restore the goods as soon as the time is expired or the use performed, together with the price, expressly agreed upon or left to be implied by law according to the value of the service. The hirer acquires a temporary property in the thing, accompanied with an implied condition to use it with moderation; while the owner or lender retains a reversionary interest in the thing, and acquires a new property in the price or reward. Of such is the loan of money on interest.

2.

As to services. The contracts classed under this head are contracts for work, for the safe-keeping of personalty, and for the carriage of persons or personalty. "Storage" and "carriage" are in more common use than any inflections of hire, to designate a contract for the custody of ordinary merchandise, or for the transportation of persons or property. The idea of "hiring" may be involved in "employment," but its application is not restricted to any particular mode of use.

See Bailment; Deposit, 1; Locatio.