ЁЯУв Too many exams? DonтАЩt know which one suits you best? Book Your Free Expert ЁЯСЙ call Now!


    Question

    A contract entered into by a bailor and a bailee is

    known as ____________
    A Pledge Correct Answer Incorrect Answer
    B Bailment Correct Answer Incorrect Answer
    C Contractual bail Correct Answer Incorrect Answer
    D Either a or b or c Correct Answer Incorrect Answer
    E Either b or c Correct Answer Incorrect Answer

    Solution

    Section 148 тАШBailmentтАЩ, тАШbailorтАЩ and тАШbaileeтАЩ defined: A тАШbailmentтАЩ 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 тАШbailorтАЩ. The person to whom they are delivered is called the тАШbaileeтАЩ.

    Practice Next
    More Banking Related Laws Questions
    ask-question