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  • Law (Contract of Bailment

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    Priyanka. Napnekar
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    A contract of bailment is an agreement where one person delivers goods to another for a specific purpose, with the expectation that the goods will be returned once the purpose is accomplished. Key features include: - There are two parties, the bailor who delivers the goods and the bailee who receives them. - The goods must be movable property that is temporarily transferred from the bailor to the bailee. - The bailee is responsible for returning the identical goods once the purpose is fulfilled. - Bailments can be either gratuitous (without payment) or non-gratuitous (with payment for services).

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    A contract of bailment is an agreement where one person delivers goods to another for a specific purpose, with the expectation that the goods will be returned once the purpose is accomplished. Key features include: - There are two parties, the bailor who delivers the goods and the bailee who receives them. - The goods must be movable property that is temporarily transferred from the bailor to the bailee. - The bailee is responsible for returning the identical goods once the purpose is fulfilled. - Bailments can be either gratuitous (without payment) or non-gratuitous (with payment for services).

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    Attribution Non-Commercial (BY-NC)
    Descărcați ca PPT, PDF, TXT sau citiți online pe Scribd
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    1K vizualizări6 pagini

    Law (Contract of Bailment

    Încărcat de

    Priyanka. Napnekar
    A contract of bailment is an agreement where one person delivers goods to another for a specific purpose, with the expectation that the goods will be returned once the purpose is accomplished. Key features include: - There are two parties, the bailor who delivers the goods and the bailee who receives them. - The goods must be movable property that is temporarily transferred from the bailor to the bailee. - The bailee is responsible for returning the identical goods once the purpose is fulfilled. - Bailments can be either gratuitous (without payment) or non-gratuitous (with payment for services).

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    Attribution Non-Commercial (BY-NC)
    Descărcați ca PPT, PDF, TXT sau citiți online pe Scribd
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    din 6

    BY PRIYANKA. NAPNEKAR ROLL NO: 10035. F.Y.B.C.A.F.

    CONTENT:
    1. WHAT IS CONTRACT? 2. WHAT IS CONTRACT OF BAILMENT? a) Definition b) Meaning 3. FEATURES OF CONTRACT OF BAILMENT

    WHAT IS A CONTRACT?
    According to Section 2(h) of Indian Contract Act, 1872, a contract is an agreement enforceable by law.

    CONTRACT= AGREEMENT+ ENFORCEABLE BY LAW

    WHAT IS CONTRACT OF BAILMENT?


    DEFINITION:

    According to Section 148 of Indian Contract Act 1872, a contract of bailment is a contract in which there is a delivery of goods from one person to another, upon a contract that when the purpose is accomplished the same shall be returned or otherwise disposed off as per the directions of the person delivering them.

    MEANING: The term Bailment is derived from a French word Ballier which means to deliver. In bailment the possession of the goods is temporarily delivered from one person to another for a specific purpose.

    FEATURES OF CONTRACT OF BAILMENT:

    Existence of two parties. Delivery of goods. Goods means only movable goods. Return of goods. Temporary transfer There are two types of bailment: a) Gratuitous bailment. b) Non- Gratuitous bailment.

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