CONTRACT OF BAILMENT

AND PLEDGE
TEAM MEMBERS
Sonam Singh
Sudhanshu Tiwari
Tushar Raj Singh
Varun Mittal
Vikrant Chaudhary
 • Acc to Sec 148 of the Contract Act : “A bailment is the
CONTRAC delivery of goods by one person to another for some
purpose, upon a contract that they shall, when the purpose

T OF is accomplished, be returned or otherwise disposed of

according to the directions of the person delivering them."

BAILMEN Parties In Bailment

T
BAILOR

BAILEE
 Duties of Bailor

To disclose faults in To repay the

goods bailed necessary expenses
(S.150) (S.158)

Liability on
To indemnify the
premature breach
bailee (S.164)
of bailment (S.159)
 Duties of Bailee

Take reasonable Not to make Not to mix goods

care of unauthorized use with his own
goods[S.151] of goods[S.154] goods[S.155- 157]

bailment[S.153]
Duty to return Not doing any act
• Returning any profit
goods inconistent with [S.163]
[S.160&161] terms of
•https://www.youtube.com/watch?v=r86hhU
0xQK8
 Termination of Bailment

• Doing an act inconsistent with terms of bailment [S.153]

• At desire of the bailor in case of gratuitous bailment

[S.159]

• On expiry of period[S.160]

• On accomplishment of object[S.160]

• Death of the bailor or bailee [S.162]

 • Bailment of goods as security for payment
of debt or performance of a promise :

PLEDGE • Bailor: PAWNER

OR PAWN • Bailee: PAWNEE

• Example: A borrows Rs.100 from B & keeps

his watchas security: pledge