Se ha denunciado esta presentación.
Utilizamos tu perfil de LinkedIn y tus datos de actividad para personalizar los anuncios y mostrarte publicidad más relevante. Puedes cambiar tus preferencias de publicidad en cualquier momento.


“A bailment is a transaction whereby one
person delivers goods to another person for
some purpose, upon a contract that...





Examples of Bailment
Hiring of Goods
Delivering of cloth to tailor for stiching
Delivering a car or scooter for r...


The person who delivers the goods is called
the Bailor and the person to whom they are
delivered is called the Bailee. ...



GRATUITOUS BAILMENT
BAILMENT- FOR REWARD OR NONGRATITIOUS BAILMENT


GRATUITOUS BAILMENT
Bailment in which neither the bailor nor the
bailee is entitled to any remuneration.
eg- lending a ...



In sale, the ownership is transferred and he is
under no obligation to return the goods.
In Bailment, only possession...




1. Enforcement of Bailee’s Duty
2. Right to terminate bailment if the bailee
uses the goods wrongfully
3. Right to ...








1. Duty to take reasonable care of goods
delivered to him.
2. Duty not to make unauthorised use of
goods.
3. ...





1. Duty to disclose faults in goods bailed.
2. Duty to repay necessary expenses in case
of gratitious bailment.( e...



4. Duty to receive the goods back.
5. Duty to indemnify bailee.





1. Enforcement of Bailor’s Duties
2. Rights to deliver goods to one of the
several joint bailor
3. Right to apply...


A finder of lost goods is under no obligation
to take charge of the goods when he comes
across them. But if he does tak...





1. Right to take permission of the goods until
the true owner is found.
2. Right of lien over the goods for the
e...


1. The finder must try to find out the true
owner of the goods.


Lien means the right to retain property until
all debt or claim is paid. It means that if the
lawful charges of the bai...




There are two types of lien:1. General Lien
2. Particular Lien


General Lien means the right to retain all the
goods of the other party until all claims of the
holder are paid.



Eg...


A bailee has a particular lien when he has
rendered any service upon an article and is
entitled to some remuneration fo...


“ The bailment of goods as security for
payment of a debt or performance of a
promise is called a pledge”.


The bailor in this case is called a pledger and
the bailee is called the pledgee.
BAILMENT

PLEDGE

The delivery of goods may be for any
purpose.

The delivery is for specific purpose i.e. to
provide a se...





1. Enforcement of pledgee’s duty.
2. Defaulting pledger right to redeem.
3. Preservation and Maintenance.
4. Prot...



1. To compensate pledgee for any extra
ordinary expenses incurred by him.
2. To meet his obligations on stipulated da...





1. Right of Retainer
2. Right of retainer for subsequent advances
3. Right of extra ordinary expenses.
4. Pledgee...


1. To return the goods pledge on receipt of his
full due.
Bailment & pledge
Bailment & pledge
Bailment & pledge
Bailment & pledge
Bailment & pledge
Ha terminado este documento.
Descárguela y léala sin conexión.
Próximo SlideShare
Bailment+pledge
Siguiente
Próximo SlideShare
Bailment+pledge
Siguiente
Descargar para leer sin conexión y ver en pantalla completa.

Compartir

Bailment & pledge

Descargar para leer sin conexión

Bailment and Pledge

Audiolibros relacionados

Gratis con una prueba de 30 días de Scribd

Ver todo

Bailment & pledge

  1. 1.  “A bailment is a transaction whereby one person delivers goods to another person for some purpose, upon a contract that they are, when the purpose is accomplished to be returned or otherwise disposed of according to the directions of the person delivering them.”
  2. 2.     Examples of Bailment Hiring of Goods Delivering of cloth to tailor for stiching Delivering a car or scooter for repair
  3. 3.  The person who delivers the goods is called the Bailor and the person to whom they are delivered is called the Bailee. The transaction is called a Bailment
  4. 4.   GRATUITOUS BAILMENT BAILMENT- FOR REWARD OR NONGRATITIOUS BAILMENT
  5. 5.  GRATUITOUS BAILMENT Bailment in which neither the bailor nor the bailee is entitled to any remuneration. eg- lending a book to friend  BAILMENT- FOR REWARD Bailment in which either the bailor or the bailee is entitled to remuneration is called Non-Gratitious Bailment. eg- Motor Car let out for Hire.
  6. 6.   In sale, the ownership is transferred and he is under no obligation to return the goods. In Bailment, only possession is transferred and not the ownership of goods.
  7. 7.    1. Enforcement of Bailee’s Duty 2. Right to terminate bailment if the bailee uses the goods wrongfully 3. Right to demand return of goods at any time in case of gratitious bailment
  8. 8.      1. Duty to take reasonable care of goods delivered to him. 2. Duty not to make unauthorised use of goods. 3. Duty not to mix goods bailed with his own goods.( goods can be separated or can’t be separated) 4. Duty to return the goods 5. Duty to deliver any accretion (increase/ decrease)
  9. 9.    1. Duty to disclose faults in goods bailed. 2. Duty to repay necessary expenses in case of gratitious bailment.( eg- horse and its feeding expenses) 3. Duty to repay any extra ordinary expenses in case of non-gratitious bailment.(eg- horse falls ill , then his medical expenses)
  10. 10.   4. Duty to receive the goods back. 5. Duty to indemnify bailee.
  11. 11.     1. Enforcement of Bailor’s Duties 2. Rights to deliver goods to one of the several joint bailor 3. Right to apply to court to stop delivery of goods. 4. Right of lien.
  12. 12.  A finder of lost goods is under no obligation to take charge of the goods when he comes across them. But if he does take charge , he becomes responsible for the goods like a bailee in the gratitious bailment.
  13. 13.     1. Right to take permission of the goods until the true owner is found. 2. Right of lien over the goods for the expenses. 3. Right to sue for rewards. 4. Right to Sale
  14. 14.  1. The finder must try to find out the true owner of the goods.
  15. 15.  Lien means the right to retain property until all debt or claim is paid. It means that if the lawful charges of the bailee are not paid, then he has right to retain the goods till all expenses are met.
  16. 16.    There are two types of lien:1. General Lien 2. Particular Lien
  17. 17.  General Lien means the right to retain all the goods of the other party until all claims of the holder are paid.  Eg- If there are two loans from bank by a same person, then the bank has a right to retain the security of both the loans even if the amount of first loan has been paid.
  18. 18.  A bailee has a particular lien when he has rendered any service upon an article and is entitled to some remuneration for it. It is exercised if the services rendered involve the exercise of labour or skill.
  19. 19.  “ The bailment of goods as security for payment of a debt or performance of a promise is called a pledge”.
  20. 20.  The bailor in this case is called a pledger and the bailee is called the pledgee.
  21. 21. BAILMENT PLEDGE The delivery of goods may be for any purpose. The delivery is for specific purpose i.e. to provide a security for a loan. In case of default by a bailor, the bailee may retain the goods or sue the bailor for non-payment of the dues. In case of default by the pledger, the pledgee may retain the goods , he may also sell the goods after giving a reasonable notice of sale to the pledger. The bailormay use the goods if the contract of bailment so provides. The pledgee can’t use the goods which are pledged to him.
  22. 22.     1. Enforcement of pledgee’s duty. 2. Defaulting pledger right to redeem. 3. Preservation and Maintenance. 4. Protection of debtors
  23. 23.   1. To compensate pledgee for any extra ordinary expenses incurred by him. 2. To meet his obligations on stipulated date and comply with the terms of the contract.
  24. 24.     1. Right of Retainer 2. Right of retainer for subsequent advances 3. Right of extra ordinary expenses. 4. Pledgee’s right where the pledger makes default.
  25. 25.  1. To return the goods pledge on receipt of his full due.
  • Zohra16

    Oct. 21, 2021
  • DrxSamarAnjum

    May. 19, 2021
  • Belur

    Jan. 5, 2021
  • GauravMahajan109

    Dec. 25, 2020
  • AnjaliPradeesh

    Oct. 28, 2020
  • JoshvaVictor

    Oct. 9, 2020
  • JinseShibu

    Oct. 6, 2020
  • RushikaRamani1

    Sep. 29, 2020
  • AditiShah95

    May. 27, 2020
  • JyotiBathra

    May. 14, 2020
  • AnkitAgarwal617

    Apr. 11, 2020
  • SumitShakya16

    Apr. 11, 2020
  • KailashKhali1

    Mar. 4, 2020
  • KuldeepSondagar

    Mar. 4, 2020
  • DeepaliMalik4

    Jan. 28, 2020
  • DileepVerma11

    Dec. 31, 2019
  • indrajitamonkar

    Dec. 12, 2019
  • Abhishek1299

    Dec. 3, 2019
  • Neerajkhatkar1

    Feb. 24, 2019
  • PrakashKhatri13

    Dec. 25, 2018

Bailment and Pledge

Vistas

Total de vistas

8.186

En Slideshare

0

De embebidos

0

Número de embebidos

6

Acciones

Descargas

409

Compartidos

0

Comentarios

0

Me gusta

28

×