Answer-How is 'bailment' defined under the Indian Contract Act?

Section 148.Bailmentbailor 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.

Question

How is "bailment" defined under the Indian Contract Act?

A Bailment is the delivery of goods by one person to another for a specific purpose, with the agreement that the goods will be returned or disposed of according to the directions of the person delivering them

B Bailment is the sale of goods by one person to another with the intention of transferring ownership

C Bailment is the temporary transfer of goods for a fee, where the goods are not returned to the original owner

D Bailment is the lending of goods to a person without any formal agreement or contract

E Bailment is the permanent transfer of goods from one person to another for a fixed period

Practice Next

More Other Laws and Acts Questions

निम्नलिखित शब्दों में से स्थानांतरती का सही पर्याय ह...
निम्नलिखित शब्दों में से window dressing का सही पर्याय नहीं ह�...
निम्नलिखित प्रश्नों में प्रत्येक मुहावरे के लिए चार �...
निम्नलिखित शब्दों में से कीमत अधिमान का सही पर्याय ह�...
निम्न प्रश्न में प्रत्येक लोकोक्ति के साथ चार विकल्�...
निम्नलिखित प्रत्येक शब्द के लिए उसके नीचे दिए गए विकल�...
मुहावरा 'घोड़े बेचकर सोना' का अर्थ क्या है?
निम्नलिखित प्रश्न में , चार विकल्पों में से उस विकल्प का च�...
निम्नलिखित में से कौन-सा पर्यायवाची-युग्म सही नहीं है ?
निम्नलिखित में से स्त्री का पर्यायवाची नहीं है :

How is "bailment" defined under the Indian Contract Act?

Solution