Difference/ Distinction between Bailment and Contract of sale :
Following are the notable distinctions between Bailment and Contract of sale...
Following are the notable distinctions between Bailment and Contract of sale...
No |
Bailment |
Sale |
1 |
Meaning :
Bailment means
change of possession voluntarily from one person to another
|
Meaning :
Sale literally
means “transfer of absolute interest in property (it may be movable or immovable)
from one person to another in lawful consideration of price paid.
|
2 |
Object :
The object of Bailment is temporary
possession of the goods in the hands of the Bailee
|
Object :
The object of
sale is permanent transfer to the purchaser.
|
3 |
In Bailment the ownership does not change. The Bailor is the owner of the goods before, during and after the period of Bailment. |
In contract of sale, the Purchaser becomes owner. The seller does not possess any connection with the property sold. |
5 |
In Bailment, the Bailor pays some nominal charges to the Bailee for the services rendered by him. Sometimes, he is not required to pay any charges. |
In contract of sale, the transferee shall have to pay the full market value of the property to buy property. |
6 |
The Bailee cannot appropriate the property bailed to him. |
The purchaser can appropriate the property purchased by him. |
5 |
In bailment, on certain occasions, the Bailee can exercise his right of lien over the goods bailed. |
In contract of sale, The seller of the property has no such right of lien. However, an unpaid seller of goods can exercise lien or stoppage in transit |
Thank u so much❤
ReplyDeleteWhen I came into your website, I was actually hunting for Linguistics Dissertation. I'm not sure how I ended up on your site because there's nothing here about online services, but I'm pleased I did because it's given me a lot of useful information.
ReplyDeleteImprove Your Mental Health
ReplyDeleteToday we'll be focusing on Leg Blasters–a great, simple circuit that will gain you a ton of eccentric strength. Here's how to do it:Best dissertation services uk
ReplyDeleteBailment and Contract of Sale are two different legal concepts in which property is transferred from one person to another. The main difference between the two is the intention of the parties involved. PhD Dissertation Writing Service
ReplyDeleteBailment and a contract of sale are distinct legal concepts. A bailment involves the transfer of possession but not ownership of goods, typically for safekeeping or use. In contrast, a contract of sale involves the transfer of both possession and ownership in exchange for consideration, usually money. The key difference lies in ownership transfer.
ReplyDeleteRead More:
pay someone to take my online class
do your online assignment help
my online assignment help
online assignment
online math class
We value your efforts and explanations very much. We have enjoyed working with you. You could perform even better than previously. I found the material on this page to be very beneficial.CBD Gummy Packaging
ReplyDelete