Contract of Bailment
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Free sample — 8 of 66 rapid-fire Q&A cards.
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.
Who is the bailor in a contract of bailment?
The bailor is the person who delivers the goods to another person under a contract of bailment; the bailor retains ownership of the goods throughout the bailment period.
Which Section of the Indian Contract Act deals with the right of the pawnee to use pledged goods?
Section 173 restricts pawnee from using pledged goods.
Who is the bailee in a contract of bailment?
The bailee is the person to whom goods are delivered by the bailor for a specific purpose under the contract of bailment, with an obligation to return them after the purpose is accomplished.
What is the legal position when a bailee mixes the bailor's goods with his own without consent?
Bailor entitled to compensation for any damage caused.
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