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

    Question

    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 is known as ________________
    A Pledge Correct Answer Incorrect Answer
    B Bailment Correct Answer Incorrect Answer
    C Delivery Correct Answer Incorrect Answer
    D Agency Correct Answer Incorrect Answer

    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".

    Practice Next