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Bailment

Bailment

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Published by shekharmvm

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Published by: shekharmvm on Jul 24, 2010
Copyright:Attribution Non-commercial

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10/25/2012

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Bailment
According to Section
148 of the Contract Act
 ²´Abailment is
the delivery of goods
by one person toanother
for some purpose
,
upon a contract 
thatthey shall, when the
purpose is accomplished
, be
returned
or otherwise
disposed of 
according to the
directions of the person
delivering them.µ
he
person delivering
the goods is called the
¶bailor,·
he person to whom they 
are delivered
is called the
¶bailee,·
he
transaction
is called
the ¶bailment
,· 
 
E
ssential features.
1
.It is a delivery o
movable goods
by one person toanother person.2.
he goods are delivered
for some purpose
.
W
hen goods are
delivered by mistake
without any purpose, there is
no bailment
.3.
he goods are delivered subject to the condition thatwhen
the purpose is accomplished
the goods areto
be returned
in specific or disposed of accordingto the directions of the bailor,
Bailment is
concerned with only movable goods
.
M
oney
is
not included
in the category of 
movablegoods.
 
Ki 
nds of Ba 
ilme 
nt 
I
.Kinds from benefit· point of view.
1.Bailment fo
th 
 
ex 
us 
ive 
 f 
t of th 
ba 
il 
or 
,2.Bailment fo
th 
 
ex 
us 
ive 
 f 
t of th 
ba 
ilee 
,3.Bailment fo
th 
 
utua 
 f 
t of th 
ba 
il 
or and th 
ba 
ilee.
II
.
Ki 
nds fro 
¶r 
ew 
ard· po 
nt of 
view.
1.
ratu 
tous ba 
ilme 
nt 
.
 
It is one in which
neither the bailor nor thebailee is entitled to any remuneration
,e.g.,loan of a book to a friend,
. N  
on-gratu 
tous ba 
ilme 
nt 
.
It is also called as a
¶bailment for reward
.· eitherthe bailor or the bailee is entitled to aremuneration, e.g.,
motor car let out for hire
,

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