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Legal Terms - Attornment
Attornment is the act of a bailee, who is in possession of goods, recognizing that they will hold the things on behalf of another person. The concept of attornment effectively transfers possession.
The other individual has constructive possession and, as a result, can take delivery of the things that were sold.
Attornment is the act of a bailee, who is in possession of goods, recognizing that they will hold the things on behalf of another person. The concept of attornment effectively transfers possession.
The other individual has constructive possession and, as a result, can take delivery of the things that were sold.
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