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 |
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