Question

Which form of bailment involves depositing of goods with another by way of security for money borrowed?

Answer 1

Thank you for this question. 

The form of bailment that involves depositing of goods with another by way of security for money borrowed is called; 

Pledge or Pawn. 

Bailment is the delivery of goods from one person to another for a purpose which is supposed to be returned after use, if not disposed off as ordered by the bailor. 

Answer 2

The form of bailment that involves depositing of goods with another by the way of security for the borrowed money is non-gratuitous bailment.

In this case, bailment is done under some consideration between the bailor and bailee.

For the mutual benefit of both the parties, the delivery of goods take place.