Question

what is bailment ?how it is different from pledge​

Answer 1

$\huge\purple {\mathfrak{Bonjour Mate!}}$

The main difference between pledge and bailment lies in the use of goods, i.e. the use of goods is prohibited in pledge, whereas in the case of bailment the party to whom the goods are being handed over can use them. To further understand the difference between these two, take a look of the given article

Answer 2

Bailment and Pledge are two special contracts that are often confused. ... Bailment means a delivery of goods from one person to another for a special purpose. Whereas Pledge means delivery of goods as security for the payment of debt or performance of a promise. Therefore, Bailment & Pledge are two different contracts.