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PRECARIUM

Categories: Property

Definition (1910 Edition)

Origin: Civil Law

Lat. In the civil law. A convention whereby one allows another the use of a thing or the exercise of a right gratuitously till revocation. The bailee acquires thereby the lawful possession of the thing, except in certajn cases. The bailor can redemand the thing at any time, even should he have allowed it to the bailee for a desig: nated period. Mackeld. Rom. Law, § 447.
Source: Black's Law Dictionary, 2nd Edition (1910) — Public Domain. UK commentary and modern updates are original additions. This entry is for educational reference only and does not constitute legal advice.