After carefully reading this chapter, you will be able:
- To understand the meaning of Bailment and the requisites of a bailment contract.
- To understand clearly the rights and duties of the bailor and bailee.
- To explain the rights of finder of goods.
- To form a clear idea about pledge and the rights and duties of the pledger and the pledge.
- To identify the cases, where a non-owner of goods can make a valid pledge.
Bailment is a special type of contract. The name of this contract has been derived from the French word bailler. which means ‘to deliver’. Bailment contracts are, therefore, involved with delivery of goods by one person to another for some specific purpose.
Sec. 148 of the Indian Contract Act defines ...