Throughout your life, there will be many situations when you'll find yourself leaving your property in someone else's hands temporarily. Whether it's a sweater that you're leaving at the cleaners or all your worldly property you're entrusting to a moving company, there will be occasions when someone else will temporarily have possession of things you own. Conversely, there will be many situations when you have possession of things someone else owns-for instance, whenever you borrow or rent something.
The law governing situations like these is called the law of bailments.

Bailments take place only with what lawyers call personal property / (chattels) , so it's important to understand how property is classified legally. This is really quite simple; basically, the law recognizes two distinct types of property or possessions:

1. Real property — Real property consists of land (think of real estate) and things attached to the land like buildings, wells, and other structures.

2. Personal property — Personal property (chattels) includes everything else: vehicles, jewelery, clothes-anything you can own that's movable.