New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    What are the essential elements of a Bailment

    contract?
    A Delivery of goods for some purpose Correct Answer Incorrect Answer
    B Bailment is of both movable and immovable goods Correct Answer Incorrect Answer
    C No transfer of ownership but delivery of Actual Possession Correct Answer Incorrect Answer
    D All the above Correct Answer Incorrect Answer
    E Both (a) & (c) Correct Answer Incorrect Answer

    Solution

    The essential elements for the bailment contract are: 1. Contract between the parties, 2. Delivery of goods for some specific purpose so that the bailee is bound to return the goods as the purpose is achieved, 3. Bailment of movable goods only, 4. Delivery of actual possession 

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