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blaw-160115172027.pptx

  1. Definition:- A bailment isthe delivery of goodsby one person to another for some purpose upon the understanding that good shall be returned when the purpose is completed.
  2. Meanings :- The term bailment is derived from a French word BAILLIOR which meansto deliver
  3. There are two partiesin contract of bailment BAILOR The person who delivered the goods is called bailor BAILEE The person to whom the goods are derived is called bailee
  4. CONTRACT It isa basic essential for bailment ▪ MOVABLE PROPRTY Property must be movable ion contract of bailment DELIVERY OF GOODS The delivery of goods should be made for some purpose under a contract.
  5. Change of possession In contract of bailment possession is changed from one person to anotherperson Specific Purpose The goods are delivered for some specific purpose to another person Ownership isnot changed The ownership is not change. It remain to bailor
  6. Deposit It isa simple bailment of goods by the person to another person to keep for bailers use Commodation When the goods are delivered to the bailee for hire.
  7. Doing an act inconsistent with termsof bailment. For example, A letsto Bforhire a horse forhisown riding. Bdrives the horse in hiscarriage. A can terminate the bailment.
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