- Take proper care of goods.
- Not to make unauthorized use.
- Keep goods separate.
- Not set adverse title.
- Return Goods.
- Return increase or profits.
Which of the following are the rights of Bailee?
- Right to Deliver the Goods to any one of the Joint Bailors. …
- Right to Deliver the Goods to Bailor without Title. …
- Right to Apply to Court to Decide the Title to the Goods. …
- Right of Lien.
What is contract of bailment explain the duties of Bailee?
In a contract of bailment,
the bailor transfers the goods to the bailee for some purpose
, and the bailee is responsible for using the goods bailed according to the purpose of bailment. Section 154 of Indian Contract Act imposes liability on bailee if goods are not used authoritatively.
What are the rights of Pawnor?
1.
Right to get back goods
– The pawnor has a right to get back his goods pledged on the performance of the promise or repayment of loan and interest, if any. 2. Preservation and maintenance of goods- The pawnor has a right to see that the pawnee like bailee, preserves the goods pledged and properly maintains them.
What is the bailee’s legal responsibility?
The standard of care required of the bailor may be fixed expressly by contract. For the duration of the bailment, the bailee is under a
duty to take reasonable care of the property
. … The bailee is liable to the bailor for damage caused to the property while it remains in the bailee’s possession.
How bailment can be terminated?
A bailment is ended
when its purpose has been achieved
, when the parties agree that it is terminated, or when the bailed property is destroyed. … Once a bailment ends, the bailee must return the property to the bailor or possibly be liable for conversion.
What a bailee has?
A bailee is an
individual who temporarily gains possession, but not ownership, of a good or other property
. The bailee, who is also called a custodian, is entrusted with the possession of the good or property by another individual known as the bailor.
What are the kinds of bailment?
There are three types of bailments—
those that benefit both parties, those that benefit only the bailor, and those that only benefit the bailee
. Although the burden depends on the type of bailment, the bailee must always treat the bailor’s property with a reasonable amount of care.
What is bailment with example?
The most common example is
availing locker services from banks
, i.e., banks are the bailee, and the person keeping his belongings in such lockers are bailor. They both agreed upon for some consideration, i.e., bailor uses the locker, and in turn, bailee charges the consideration for providing such services.
What creates a contract?
A contract is a legally enforceable agreement between two or more parties that
creates an obligation to do or not do particular things
. The term “party” can mean an individual person, company, or other legal entity.
Who can be bailee?
The person to whom they are delivered is called the ‘bailee’.” Explanation. —
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.
Can Bailee be held liable when due care is taken?
It is well established now that Bailee will be
liable for any loss or damage to the bailor
which arises due to the negligence or lack of reasonable care of the goods bailed.
What is the difference between bailor and bailee?
Bailor refers to the original property owner, while
bailee refers to the person who temporarily has possession of the property
.
What are the duties of pledgee?
It is the duty of Pledger
to disclose all the faults in Pledged goods which are known to him
. If he does not disclose them he will be liable for the damages arising due to such faults. When the goods are to be kept or carried by the Pledgee.
What are the rights of an agent?
Rights of an agent
Right to remuneration
– an agent is entitled to get an agreed remuneration as per the contract. … Right of lien– an agent has the right to hold back or retain goods or other property of the principal received by him, till the time his dues or other payments are made.
What are the rights and duties of an agent?
- 1) Right to Receive Remuneration. …
- 2) Right of Lien (Section221) …
- 3) Right to Indemnity. …
- 4) Right to Compensation : …
- 1) Agent’s duty in conducting principal’s business (Section 211) : …
- 2) Skill and diligence required from agent (Section 212) : …
- 3) Duty to render proper accounts (Section 213)
