Question
To constitute
"Bailment":Solution
Contract Act: 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". Section 149 delivery to bailee how made: The delivery to the bailee may be made by doing anything which has the effect of putting the goods in the possession of the intended bailee or of any person authorized to hold them on his behalf.
Which act governs the functioning of insurance companies in India?
Under which act did the Reserve Bank of India (RBI) introduce the 'Marginal Cost of Funds Based Lending Rate' (MCLR) system to determine lending rates?
In which of the following year the State Bank of India has launched a unified integrated app called YONO (You Need Only One)?
Which of the following is not a Maharatna Central Public Sector Enterprises (CPSEs)?
India International Bullion Exchange (IIBX) is regulated by which body?
Which feature distinguishes a current account from a savings account?
What is the function of the Capital Adequacy Ratio (CAR) in the banking sector?
Which of the following is a financial derivative that allows an investor to swap or offset their credit risk with that of another investor?
Government of India, in consultation with the Reserve Bank of India, introduced a Credit Guarantee Scheme in which of the following year?
Which of the following is the largest public sector bank in India by total assets?