business legislation ppt
TRANSCRIPT
BASED ON BENEFIT
BAILMENT FOR THE EXCLUSIVE BENEFIT OF
BAILOR
BAILEE
MUTUAL BENEFIT
BASED ON REWARD
GRATUITOUS BAILMENT
NON-GRATUITOUS
BAILMENT
Pledge Bailment
• Pledge is the bailment fora specific purpose i.e. toprovide security for adebt or for fulfillment ofobject.
• The pawnee has right tosale on default aftergiving notice thereof tothe Pawnor
• Bailment is for a purposeother than two underpledge i.e. for repairs,safe custody etc.
• No right to sale. Thebailee may either retainthe goods or the bailorfor non-payment of hisdues
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