Business Studies, asked by jaisingadi6984, 2 months ago

What are duties and liabilities of bailor and bailee. Explain?

Answers

Answered by anshika1802
2

Answer:

Hello mate

Explanation:

Duties of a bailor:-

It is the duty of a bailor to disclose all faults. If bailor fails to disclose such faults then he will be responsible for the damage caused to goods or loss suffered by the bailee. Also, the bailor is under the duty to pay the extraordinary expenses incurred by the bailee for such bailment.

Liabilities :-

The bailee is liable for all injuries to the property from failure to properly care for or use it. Once the purpose of the bailment has been completed, the bailee usually must return the property to the bailor, or account for it, depending upon the terms of the contract.

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