Contract of bailment

Definition:- A bailment is the delivery

of goods by one person to another for some purpose upon the understanding that good shall be returned when the purpose is completed.

Meanings :-

The term bailment is derived from a French word BAILLIOR which means to deliver

There are two parties in contract of bailment

BAILORThe person who delivered the goods is called

bailor

BAILEE

The person to whom the goods are derived is called bailee

CONTRACTIt is a basic essential for bailment

MOVABLE PROPRTYProperty must be movable ion contract of

bailment

DELIVERY OF GOODSThe delivery of goods should be made for

some purpose under a contract.

Change of possessionIn contract of bailment possession is changed

from one person to another person Specific PurposeThe goods are delivered for some specific

purpose to another person Ownership is not changedThe ownership is not change. It remain to bailor

DepositIt is a simple bailment of goods by the person to

another person to keep for bailers use CommodationWhen the goods are delivered to the bailee for

hire.

Doing an act inconsistent with terms of bailment.

For example, A lets to B for hire a horse for his own

riding. B drives the horse in his carriage. A can terminate the bailment.