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What is Commercial Utility of Bailment Explained about?

The researcher has done the research on the Commercial utility of Bailment. Bailment means Transfer of personal property by one party (the bailor) in the possession, but not ownership, of another party (the bailee) for a particular purpose. Such transfer is made under an express or implied contract (called bailment contract or contract of bailment) that the property will be redelivered to the bailor on completion of that purpose, provided the bailee has no lien on the goods (such as for non-payment of its c

Author

Editor IJTSRD

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EN