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Contract of Bailment
What is the legal definition of bailment under the Indian Contract Act, 1872?
Bailment is the delivery of goods by one person (bailor) to another (bailee) for some purpose, upon a contract that the goods shall be returned or disposed of according to the directions of the bailor when the purpose is accomplished.
Under which Act is the contract of bailment governed in India?
Indian Contract Act, 1872.
Which section of the Indian Contract Act, 1872 defines bailment?
Section 148 of the Indian Contract Act, 1872 defines the contract of bailment.
What is the maximum standard of care required from a bailee for bailed goods?
Care of a reasonably prudent man over his own goods.
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