Bailment Contract Overview
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Questions and Answers

What is the main difference between sale of goods and bailment of goods?

  • Transfer of physical possession
  • Transfer of possession and ownership
  • Transfer without actual delivery of possession
  • Transfer of ownership for a specified value (correct)
  • Who is the person who delivers the goods in a contract of bailment?

  • Bailor (correct)
  • Seller
  • Owner
  • Bailee
  • What is constructive delivery in a contract of bailment?

  • Transfer of ownership for a specified value
  • Transfer of physical possession
  • Transfer without actual delivery of possession (correct)
  • Return of goods after specific performance
  • Which section of the law defines the contract of bailment?

    <p>Section 148</p> Signup and view all the answers

    In bailment, what is the main requirement for there to be a contract?

    <p>Delivery of goods and their return after specific performance</p> Signup and view all the answers

    Which type of delivery involves physical possession of goods not being transferred?

    <p>Symbolic delivery</p> Signup and view all the answers

    In constructive delivery, what action is considered equivalent to actual delivery of goods?

    <p>Putting the bailee in a position of power over the goods</p> Signup and view all the answers

    Which section of the law specifically deals with constructive delivery of goods?

    <p>Section 149</p> Signup and view all the answers

    In what situation does a finder of goods become a bailee under an involuntary contract of bailment?

    <p>Even in the absence of a contract</p> Signup and view all the answers

    In a bailment, when must the goods be returned to the bailor or taken care of per their instructions?

    <p>Once the specific task or purpose is accomplished</p> Signup and view all the answers

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