Bailment

DEFINITION AND FEATURES Definition of Bailment A bailment is the delivery of goods by wholeness individual to a nonher for well-nigh propose, upon a contract that they shall, when the conclude is accomplished be returned or other inclined, of decl are to the directions of the persons delivering them Sec. 14. The person delivering the goods it called the Bailor. The person to whom they are delivered is called the Bailee. The transaction is called Bailment. Examples : (i) P lends his fuddle to Q.        (ii) P delivers a write to Q for repair. (iii) P gives Q his watch as security for a loan. In all these cases P is the bailor and Q is the bailee. singularity Features or the Requisites of Bailment Bailment has the following device characteristic features : 1. sales talk : It is delivery 6f goods by one person to a nonher. 2. Purpose : The goods are delivered for just about habit. 3. buy the farm : It is agreed, that when the purpose is accomplished the goods are to be returned or otherwise disposed of according to the direction of the bailor. 4. scale down : Bailment arises from express or implied t contract. (n case of finder of goods bailment arises by implication rapper law. 5. willpower : In bailment the bailor continues to be the proprietor of the goods. Therefore bailment does not take a leak any change of ownership. 6.

chattel goods : Bailment is concerned with alone chattel goods. Money is not include in the kinfolk in movable goods. A puzzle of money is not bailment. get of money in a bank does not .constitute bailment. 1Iir  human relationship between depositor and the bank is that of borrower and the lender. 7. self-discipline : A person already in possession of the goods whitethorn become a bailce by a subsequent agreement, express. or implied. Example : X is a seller of motor can, having some(prenominal) cars in his possession. Y buys a car and leaves the car in the possession of X  later on the . sale is complete, X becomes a bailee, although originally he was the owner. Delivery to bailee how made...If you want to get a full essay, prescribe it on our website: Orderessay

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