Business Studies, asked by pkumar3, 1 year ago

what is bailment ? what are the characteristics of bailment?

Answers

Answered by Vivek9910
3
Bailment describes a legal relationship in common law where physical possession of personal property, or a chattel, is transferred from one person (the "bailor") to another person (the "bailee") who subsequently has possession of the property.
Features or Characteristics or Essentials ofBailment


On the basis of above definition it is clear here that aBailment must have following features;


1. Agreement

2. Delivery of goods

3. Movable properties or goods

4. For Some specific purpose

5. For specific period of time

6. Return or disposal of specific goods

7. Ownership not transferred




pkumar3: thank you friend for helping me
Answered by anildeshmukh
0

Answer:

. Agreement

2. Delivery of goods

3. Movable properties or goods

4. For Some specific purpose

5. For specific period of time

6. Return or disposal of specific goods

7. Ownership not transferred

Explanation:

Similar questions