Distinction/ Difference between Bailment and Agency

Distinction between Bailment and Agency : 

No.	Bailment	Agency
1	Meaning: The term bailment is derived from the French word ‘Bailor’, which means ‘to deliver’.	Meaning : When a person appoints another to act on his behalf with a third party, it is called ‘Agency’.
2	Definition :  Voluntarily Change of possession from one person to another is called contract of bailment.	Definition:   ‘Agency’ is the legal relationship between an agent and Principal; to bring the principal into legal relationship with the third party.
3	Example:   ‘X’ delivers a cloth to ‘Y’, a Tailor for making a shirt. The contract between ‘X’ and ‘Y’ is bailment. ‘X’ is a Bailor and ‘Y’ is a Bailee.	Example : ‘X’ appoints ‘Y’ to purchase some property on his behalf. Here ‘X’ is Principal and ‘Y’ is Agent.
4	In bailment, the Bailee does not represent the Bailor. He does not derive any authority from the Bailor.	The agent represents his principal, and derives certain power from his principal.
5	In Bailment, A Bailee cannot sell the property under bailment	In Agency,an agent can sell the property.
6	A Bailee cannot transfer the ownership of the property.	An agent can transfer the ownership of the property.
7	A Bailee must have possession of the property	An agent may or may not have possession of the property.

See also... Difference/ Distinction between Bailment and Contract of sale