Final answer:
The question refers to 'Bailee Interest (Contract of Bailment)' but actually discusses bail in the criminal justice system. Bail is money paid as a guarantee for the temporary release of an accused person from custody.
Step-by-step explanation:
The term ‘Bailee Interest’ generally pertains to a contract of bailment, which implies a legal relationship where physical possession of personal property, or chattel, is transferred from one person (the bailor) to another (the bailee) who subsequently has possession of the property. However, the question seems to confuse Bailee Interest with ‘bail’ in the context of criminal justice, where bail is the payment made to secure the temporary release of someone accused of a crime, pending their trial.
When someone is arrested, the court may set a bail amount that must be paid as a guarantee the accused will appear in court for their trial. If the defendant cannot afford the bail amount, they can obtain a bail bond from a bond seller by paying typically around 10 percent of the total bail amount, and the bond seller will pay the full amount to the court. The bond seller profits because this fee is non-refundable, even if the accused appears for all court proceedings. Defendants deemed too high-risk may be denied bail and be required to stay in jail until their trial.