What is Bailment? What are essentials of Bailment?

Indemnity, Guarantee , Bailment, Pledge, Agency, Partnership and Sale of Goods

Answer:- Bailment consists in delivery of goods, i.e., movable property, by one person, who is generally the owner thereof, to another person for some purpose. The goods are to be returned to their owner after the purpose is accomplished, or they are to be disposed of according to the directions of the person delivering them. … Read more