New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    A bailment is the delivery of goods by one person to

    another for some purpose, upon a contract that they shall ______________
    A When the purpose is accomplished, be returned or otherwise disposed of according to the directions of the person receiving them Correct Answer Incorrect Answer
    B When the purpose is accomplished, be returned or otherwise disposed of according to the directions of the person delivering them Correct Answer Incorrect Answer
    C With the purpose to dispose of the goods according to the directions of the person receiving them Correct Answer Incorrect Answer
    D When the purpose of goods as security for payment of a debt or performance of a promise if fulfilled be returned Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Section 148.   "Bailment", "bailor" and "bailee" defined A "bailment" is the delivery of goods by one person to another for some purpose, upon a contract that they shall, when the purpose is accomplished, be returned or otherwise disposed of according to the directions of the person delivering them. The person delivering the goods is called the "bailor". The person to whom they are delivered is called, the "bailee".

    Practice Next