Bailment, Indian Contract Act, LLB, BA LLB, Tamil.

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Bailment

S.148-181

Intro
1.Spl Kind of Contract
2.French word Bailor- to deliver
3.Meaning- deliever goods and return
4.difn: S.148

Parties
1.Bailor-who delivers
2.Bailee-who receives and return
3.Bailed property
4.Sub bailee: CAR repairer
Srinivasa iyer Vs New India Assurance co ltd

Essentials
1.Contract
2.Delivery of Possesion
-Actual Delivery
-Constructive Delivery
3.Delivered for spl purpose
4.return
5.Movable properties only
6.Transfer of possession not ownership
7.return the same goods

Types of Bailment
1.Gratuitous bailment-no remuneration or consideration s,159
2.Bailment for reward- Hire
3.banefit of bailee bailor or both
4.Deposit
5.Hire
6.Pawn or Pledge- Delivered goods for security of money borrowed

Termination of Bailment contract
1.Expiry of period
2.Achievement of objective
3.Inconsistent usage
4.Gratuitous Bailment
5.Death of party s.138 of NI Act - Power of Attorney

banking law

Original power of Attorney.

Cognizance of the complaint.

M.Ahamad Ismail.BSc.MBA.LLB
ADVOCATE
8124499188
Tamilnadu
Madras
Chennai
Madurai
Tirunelveli