Contract of Bailment LLB Lectures

What is the contract of bailment? Explain fully the rights and duties of the bailee and revocation of contract of bailment.

🔒 Introduction: Bailment is a process where the owner delivers goods to another person under an agreement, with the obligation to return them when the purpose is fulfilled.

🔐 Meaning of Bailment: Bailment is the delivery of goods by one person to another person for a specific purpose, with the agreement that the goods will be returned.

⚖️ Kinds of Bailment:

👤 Bailment for the benefit of the bailer.
👥 Bailment for the benefit of the bailee.
🤝 Bailment for mutual benefit.
🤝 Parties of the Contract of Bailment:

👤 Bailer: The person who delivers the goods.
👥 Bailee: The person who receives the goods.
⚙️ Essentials of Contract of Bailment:

✍️ Contract
🚚 Moveable property
📦 Delivery of goods
🔄 Change of possession
🎯 Specific purpose
🏢 Ownership not changed
👥 Parties of contract
⏳ Returnable
🔒 Duties of Bailee:

🧪 Care of goods
🔙 Return the goods
⌛ Return at proper time
💰 Return of profit
👩‍🌾 Proper use of goods
🚫 Duty not to mix
🔑 Rights of Bailee:

💸 Recovery of loss
🤝 Recovery of compensation
💼 Recovery of expenses
👐 Right to possession
🔒 Right of security
👥 Rights against third person
💵 Right of wage
❌ Termination of Bailment:

⏰ Expiry of time
✅ Completion of purpose
🚫 Unauthorized use
⚰️ Death of either party
❌ Termination by bailer
🔥 Destruction of subject matter
🔚 Conclusion: Bailment is a deliberate transfer of goods with specific rights and duties for bailor and bailee, and it can be terminated under certain circumstances.