About this document
Understanding Bailment Contracts Explained by Parineeta Gupta is a document available to read on EtoBox.
A bailment is a contract where one person (the bailor) transfers goods to another person (the bailee) for a certain purpose, with an agreement to return the goods once the purpose is complete. There must be delivery of the goods, for a specific purpose, and an obligation to return the same goods. Bailments can be gratuitous (without payment) or non-gratuitous (for reward). The bailor and bailee each have duties - the bailor must disclose defects, indemnify losses, and accept returned goods; the bailee must
- Author
- Parineeta Gupta
- Language
- EN