10
The Indian Contract Act, 1872: Bailment and Pledge
Learning Objectives
After reading this chapter, you will be able to understand:
- What is a bailment and pledge of goods?
- Types of bailment
- Duties and rights of a bailee
- Duties and rights of a bailor
- Termination of a bailment
- Lien
- Pledge
- Rights of a pwanor and a pledgee
10.1 WHAT IS A BAILMENT?
The term ‘bailment’ is derived from the French word ‘bailer’ which means to deliver a thing under a contract. The delivery of goods by one person to another person for a specific purpose with a condition to return the goods when the purpose is over or otherwise disposed off according to the direction of the person.
The person who delivers the goods is known as the ‘Bailor’ and the person who ...
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