logging in or signing up Bailment mak.agar Download Post to : URL : Related Presentations : Share Add to Flag Embed Email Send to Blogs and Networks Add to Channel Uploaded from authorPOINT lite Insert YouTube videos in PowerPont slides with aS Desktop Copy embed code: (To copy code, click on the text box) Embed: URL: Thumbnail: WordPress Embed Customize Embed The presentation is successfully added In Your Favorites. Views: 4182 Category: Education License: All Rights Reserved Like it (5) Dislike it (0) Added: March 29, 2009 This Presentation is Public Favorites: 1 Presentation Description No description available. Comments Posting comment... By: prathapsaran (7 month(s) ago) this presentation is very easy to understand also it help to teach them in very easy way Saving..... Post Reply Close Saving..... Edit Comment Close By: prathapsaran (7 month(s) ago) this presentation is very easy to understand also it help to teach them in very easy way Saving..... Post Reply Close Saving..... Edit Comment Close By: kanwalbrar (9 month(s) ago) its v gud and suitable ppt that i required so plz mail me or tell me the method of download this ppt. thanks. Saving..... Post Reply Close Saving..... Edit Comment Close By: dipa89 (19 month(s) ago) gud ppt Saving..... Post Reply Close Saving..... Edit Comment Close By: mani_v (19 month(s) ago) i need it Saving..... Post Reply Close Saving..... Edit Comment Close loading.... See all Premium member Presentation Transcript Bailment & pledge : Bailment & pledge Section 148 Delivery of goods by 1 person to another for some purpose …contract: to return after use or to dispose as asked by the person who delivered the goods Bailor: who gives Bailee : who takes Bailment: transaction Examples: : Examples: Hiring a bicycle Giving cloth to a tailor Delivering watch for repair Kinds of bailment : Kinds of bailment Based on benefit: Bailment for the exclusive benefit of :1] bailor: leaving goods in safe custody without paying 2] bailee :a loan of some article like a pen 3] mutual benefit: contracts for hiring, repair ,etc Kinds of bailment: : Kinds of bailment: Based on reward: 1] gratuitous bailment: neither bailor nor bailee is entitled for remuneration, example: lending a book to a friend 2] non-gratuitous bailment: bailment of reward: either bailee or bailor is entitled to a remuneration , example: hire, tailor, etc Difference between sale & bailment : Difference between sale & bailment Ownership transferred? Buyer under no obligation to return goods? Ownership not transferred? Difference between bailment & licence : Difference between bailment & licence Permission to use place? No delivery of goods? Responsible for safety of goods? Goods delivered? Duties of bailee: : Duties of bailee: Take reasonable care of goods[S.151] Not to make unauthorized use of goods[S.154] Not to mix goods with his own goods Duty to return goods {A hires a horse for 4 days, fails to return, horse dies, has to pay price of horse} Duty to return any accretion to goods {cow + calf} Duties of bailor: : Duties of bailor: Disclose faults in goods Repay necessary expenses in case of gratuitous bailment.. feeding expenses for the horse kept in safe custody Repay extraordinary expenses in case of non-gratuitous bailment.. If horse falls ill during bailment period then giving expenses Duty to indemnify bailee.. If A gives his neighbor's scooter to B Duty to receive back the goods PLEDGE OR PAWN : PLEDGE OR PAWN Bailment of goods as security for payment of debt or performance of a promise :PLEDGE Bailor: PAWNER Bailee: PAWNEE Example: A borrows Rs.100 from B & keeps his watch as security : pledge Difference between bailment & pledge: : Difference between bailment & pledge: PURPOSE: security? ; repairs? RIGHT OF SALE: sale on default? ; no right to sale? RIGHT OF USING THE GOODS: no right? Rights of Pawnee: : Rights of Pawnee: Right of retainer{S.173}: right to retain goods until dues paid Right of transfer for subsequent advances:{S.174}: on lending money to same debtor without further security ;right to retain earlier goods extends Right to extraordinary expenses {S.175} Right to sue the pawner or sell the goods on default. Rights of Pawnor: : Rights of Pawnor: Enforcement of pawnee’s duties Defaulting pawnor’s right to redeem You do not have the permission to view this presentation. In order to view it, please contact the author of the presentation.
Bailment mak.agar Download Post to : URL : Related Presentations : Share Add to Flag Embed Email Send to Blogs and Networks Add to Channel Uploaded from authorPOINT lite Insert YouTube videos in PowerPont slides with aS Desktop Copy embed code: (To copy code, click on the text box) Embed: URL: Thumbnail: WordPress Embed Customize Embed The presentation is successfully added In Your Favorites. Views: 4182 Category: Education License: All Rights Reserved Like it (5) Dislike it (0) Added: March 29, 2009 This Presentation is Public Favorites: 1 Presentation Description No description available. Comments Posting comment... By: prathapsaran (7 month(s) ago) this presentation is very easy to understand also it help to teach them in very easy way Saving..... Post Reply Close Saving..... Edit Comment Close By: prathapsaran (7 month(s) ago) this presentation is very easy to understand also it help to teach them in very easy way Saving..... Post Reply Close Saving..... Edit Comment Close By: kanwalbrar (9 month(s) ago) its v gud and suitable ppt that i required so plz mail me or tell me the method of download this ppt. thanks. Saving..... Post Reply Close Saving..... Edit Comment Close By: dipa89 (19 month(s) ago) gud ppt Saving..... Post Reply Close Saving..... Edit Comment Close By: mani_v (19 month(s) ago) i need it Saving..... Post Reply Close Saving..... Edit Comment Close loading.... See all Premium member Presentation Transcript Bailment & pledge : Bailment & pledge Section 148 Delivery of goods by 1 person to another for some purpose …contract: to return after use or to dispose as asked by the person who delivered the goods Bailor: who gives Bailee : who takes Bailment: transaction Examples: : Examples: Hiring a bicycle Giving cloth to a tailor Delivering watch for repair Kinds of bailment : Kinds of bailment Based on benefit: Bailment for the exclusive benefit of :1] bailor: leaving goods in safe custody without paying 2] bailee :a loan of some article like a pen 3] mutual benefit: contracts for hiring, repair ,etc Kinds of bailment: : Kinds of bailment: Based on reward: 1] gratuitous bailment: neither bailor nor bailee is entitled for remuneration, example: lending a book to a friend 2] non-gratuitous bailment: bailment of reward: either bailee or bailor is entitled to a remuneration , example: hire, tailor, etc Difference between sale & bailment : Difference between sale & bailment Ownership transferred? Buyer under no obligation to return goods? Ownership not transferred? Difference between bailment & licence : Difference between bailment & licence Permission to use place? No delivery of goods? Responsible for safety of goods? Goods delivered? Duties of bailee: : Duties of bailee: Take reasonable care of goods[S.151] Not to make unauthorized use of goods[S.154] Not to mix goods with his own goods Duty to return goods {A hires a horse for 4 days, fails to return, horse dies, has to pay price of horse} Duty to return any accretion to goods {cow + calf} Duties of bailor: : Duties of bailor: Disclose faults in goods Repay necessary expenses in case of gratuitous bailment.. feeding expenses for the horse kept in safe custody Repay extraordinary expenses in case of non-gratuitous bailment.. If horse falls ill during bailment period then giving expenses Duty to indemnify bailee.. If A gives his neighbor's scooter to B Duty to receive back the goods PLEDGE OR PAWN : PLEDGE OR PAWN Bailment of goods as security for payment of debt or performance of a promise :PLEDGE Bailor: PAWNER Bailee: PAWNEE Example: A borrows Rs.100 from B & keeps his watch as security : pledge Difference between bailment & pledge: : Difference between bailment & pledge: PURPOSE: security? ; repairs? RIGHT OF SALE: sale on default? ; no right to sale? RIGHT OF USING THE GOODS: no right? Rights of Pawnee: : Rights of Pawnee: Right of retainer{S.173}: right to retain goods until dues paid Right of transfer for subsequent advances:{S.174}: on lending money to same debtor without further security ;right to retain earlier goods extends Right to extraordinary expenses {S.175} Right to sue the pawner or sell the goods on default. Rights of Pawnor: : Rights of Pawnor: Enforcement of pawnee’s duties Defaulting pawnor’s right to redeem