Presentation on Bailment and its Essential Elements

According

to Sec:-148

A bailment is the delivery of goods by one person to another for some purpose, upon a contract that they shall, when the purpose is accomplished, by return or otherwise disposed of according to the direction of the person delivering them

 Bailer Bailee

:- The person who deliver the goods.

:- The person to whom the goods are delivered.

 Leather

jacket left at a dry cleaners. Vehicle delivered to parking valet. Goods transported by common carrier. Truck taken to dealership for service check. Diamond ring taken to jeweler for cleaning or repair. Leaving your clothes in dressing room while trying on new sweater. Goods delivered to a consignment shop.

A) Based on benefit:

Bailment for the exclusive benefit of : 1] Bailor:- Leaving goods in safe custody without paying 2] Bailee:- A loan of some article like a pen 3] Mutual benefit:- Contracts for hiring, repair ,etc

B) Based on reward: 1] Gratuitous bailment:- Neither bailor nor bailee is entitled for remuneration, example: lending a book to a friend 2] Non-gratuitous bailment:- Bailment of reward: either bailee or bailor is entitled to a remuneration , example: hire, tailor, etc

 There

are two persons namely Bailor and Bailee. Bailor means the person delivering the goods, Bailee means the person to whom the goods are delivered. Their must be delivery of goods . The goods must be in deliverable condition.

 Only

the goods are delivered but not the ownership of goods, their must be purpose. Bailey can use the goods. Goods must be returned or disposed off after the purpose is accomplished.

 Ownership

transferred? Buyer under no obligation to return goods? Ownership not transferred?

 Permission

to use place? No delivery of goods? Responsible for safety of goods? Goods delivered?