Assertion: bailment | /r/HasProperty | contract
Facets:
value: as a contract
type: MANNER
value: necessarily
type: MANNER
value: in itself
type: MANNER
value: under contract act
type: OTHER
Source sentences:
text: A bailment is a contract in which one person transfers goods to another person with a contract that he will return the goods after completion of the purpose for which contract takes place.
text: Under Contract Act, bailment is considered a contract.
text: Bailment is a contract, where the owner of goods makes delivery of his goods to another for some limited period or purpose.
text: On the basis of above discussion, it can be analyzed that bailment is a contract in which a delivery of possession of specific goods is given to another person for a specific purpose and it is different from the concept of license and sale.
text: From the above discussion it can be seen that bailment is a contract whereby a delivery of possession is given of specific goods to another for some purpose with the direction that the goods shall be return or dispose off on fulfillment of the purpose.
text: In England, in the case of R v. Macdonald, Lord Coleridge, C.J. observed that “it is not correct as it appears to me, to use the expression ‘contract of bailment’ in a sense which implies that every bailment must necessarily in itself be a contract.
text: As per the section 148 of the Indian Contract Act, 1872, a bailment is a contract where one person delivers goods to another person for some purpose.
text: Thus, the issue is clear in that 1) bailment is a contract and not a statutory issue; 2) as a contract the contract statutes of limitations apply; 3) if the contract for bailment is written under seal, there is a 12 year statute of limitations; 4) if there is no written contract or the contract is not under seal, there is a 3 year statute of limitations.
text: Since it is a ‘contract’, naturally all
text: BAILMENT, contracts.
text: BAILMENT, contracts.