10 Questions
What is the main difference between sale of goods and bailment of goods?
Transfer of ownership for a specified value
Who is the person who delivers the goods in a contract of bailment?
Bailor
What is constructive delivery in a contract of bailment?
Transfer without actual delivery of possession
Which section of the law defines the contract of bailment?
Section 148
In bailment, what is the main requirement for there to be a contract?
Delivery of goods and their return after specific performance
Which type of delivery involves physical possession of goods not being transferred?
Symbolic delivery
In constructive delivery, what action is considered equivalent to actual delivery of goods?
Putting the bailee in a position of power over the goods
Which section of the law specifically deals with constructive delivery of goods?
Section 149
In what situation does a finder of goods become a bailee under an involuntary contract of bailment?
Even in the absence of a contract
In a bailment, when must the goods be returned to the bailor or taken care of per their instructions?
Once the specific task or purpose is accomplished
Learn about the concept of bailment, which involves the delivery of movable property from one person to another for a specific purpose. Understand the roles of the bailor and bailee in a bailment contract and the legal definition as per Section 148.
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