Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
Download
Standard view
Full view
of .
Look up keyword or section
Like this
22Activity
0 of .
Results for:
No results containing your search query
P. 1
BAILMENT

BAILMENT

Ratings: (0)|Views: 1,501 |Likes:
Published by Utkarsh Sethi

More info:

Categories:Types, Business/Law
Published by: Utkarsh Sethi on Apr 18, 2010
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PPTX, PDF, TXT or read online from Scribd
See more
See less

10/25/2011

pdf

text

original

 
BAILMENT
 
BAILMENT - DEFINITION
According to Section 148 of the Contract Act  A bailment is thedelivery of goods by one person to another for some purpose, upona contract that they shall, when the purpose is accomplished, bereturned or otherwise disposed of according to the directions of the person deliveringthem.
The person deliveringthe goods is calledthe bailor.
The person to whom they are deliveredis called the bailee, and
The transactionis called the bailment.
Common examples of bailment are hiring of goods, furniture or acycle, delivering of cloth to a tailor for making a suit, delivering awatchor scooter for repair, depositinggoods for safe custody, etc.
 
Essential features - Bailment
1.
It is a delivery of movable goods by one person toanother person (not being his servant).
 ±
Section 149 explains the mode of delivery to the bailee andstates that the delivery of goods may be either
actual
or
constructive
.
 ±
W
hen the bailor hands over to the bailee physical possession of the goods, that is called 
actual delivery
.
 ±
C
onstructive delivery
'
, on the other hand, does not involvehanding over the physical possession, but something is donewhich has the effect of putting the goods in the possession of the bailee. For example, goods in transit, e.g., when they are atsea or on a railway, can be delivered by handling over the bill of ladingor the railway receipt representingthe goods.

Activity (22)

You've already reviewed this. Edit your review.
1 hundred reads
1 thousand reads
msohaib_007 liked this
shyanamitali liked this
sant1306 liked this
sam_dude liked this
Amitshukla1987 liked this
Priya Tomar liked this
nirav liked this
smwaqaranwar liked this

You're Reading a Free Preview

Download
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->