RSA Conference Exhibitor List 2024 - Exhibitors Data
blaw-160115172027.pptx
1.
2.
3. 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.
4. Meanings :-
The term bailment is derived from a French
word BAILLIOR which meansto deliver
5. 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
6. 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.
7. 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
8. 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.
9. 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.
