What is Bailment ?  

              A ‘bailment’ is the delivery of goods by one person to another for some purpose, upon a contract that they shall, when the purpose is accomplished, be returned or otherwise disposed of according to the directions of the person delivering them.

  • Bailor :  The person delivering the goods is called the ‘bailor’.
  • Bailee : The person to whom they are delivered is called the ‘bailee’. 

            If a person is already in possession of the goods of other contracts to hold them as a bailee, he thereby becomes the bailee, and the owner becomes the bailor of such goods, although they may not have been delivered by way of bailment.  
  
Classification of Bailment

There are five Kinds of Bailment are as under

1) Gratuitous Bailment

               A Bailment made without any Consideration for the benefit of the bailor or for the benefit of the bailee is called Gratuitous Bailment. In simple words A bailment with no consideration is Gratuitous bailment. 

2) Non-Gratuitous Bailment: 

              Non Gratuitous is a bailment for reward. It is for the benefit of both the bailor and bailee.

3) Bailment for the Benefit of the Bailor  



           In this case the bailor delivers his goods to a bailee for a safe custody without any benefit/ reward.  It is called " the bailment for the benefit of the bailor".          

4) Bailment for the exclusive Benefit of the Bailee


            In this case Bailor delivers his goods to a bailee without any benefit for his use , it is called "the bailment for the exclusive benefit of the bailee"


5) Bailment for the Benefit of the Bailor and Bailee

     In this case goods are delivered for consideration, both the bailor and bailee get benefit and hence it is called  the bailment for the benefit of the bailor and bailee.



See also 

1)  Rights and Duties of Agent (Agency: Indian Contract Act,1872)

2) Distinction/ Difference between Bailment and Pledge

3) Distinction/ Difference between Bailment and Agency

4) Difference/ Distinction between Bailment and Contract of sale

5)  Difference / Distinction between Contract and Agreement

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