New Enroll in RBI Gr B 2025 Exclusive New Batch on March 18

    Question

    Bailment is defined as

    ___________
    A Transfer of goods for service Correct Answer Incorrect Answer
    B The delivery of the goods as security for payment of a debt or performance of a promise Correct Answer Incorrect Answer
    C The delivery of goods by one person to another for some purpose, upon a contract that they shall, when the purpose is accomplished, be returned or otherwise disposed of according to the directions of the person delivering them Correct Answer Incorrect Answer
    D The delivery of goods by one person to another for some purpose, upon a contract that they shall, when the purpose is accomplished, be returned or otherwise disposed of according to the directions of the person with whom the goods shall be kept Correct Answer Incorrect Answer

    Solution

    The delivery of goods by one person to another for some purpose, upon a contract that they shall, when the purpose is accomplished, be returned or otherwise disposed of according to the directions of the person delivering them. Section 148 - A "bailment" is the delivery of goods by one person to another for some purpose, upon a contract that they shall, when the purpose is accomplished, be returned or otherwise disposed of according to the directions of the person delivering them.

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