Question

what is meant by Bailsingh?​

Answer 1

Explanation:

Bailment is a legal relationship in common law, where the owner transfers physical possession of personal property ("chattel") for a time, but retains ownership. The owner giving up custody is the "bailor" and person who takes is "bailee".[1] The bailee holds the personal property in trust for a specific purpose and delivers the property back to the bailor when the purpose is accomplished

Answer 2

Explanation:

Bailment represents the contractual transfer of property or assets from a bailor, who relinquishes possession temporarily but not the ownership, to the bailee. For bailment creation, a bailee must intend to possess, as well as possess the bailable chattel physically.