Distinguish between the following: Sale and Bailment.
CS Executive · Economic, Business and Commercial Laws · PYQS · December 2019
Distinguish between the following: Sale and Bailment.
Answer & Explanation:
'Sale', is a contract by which property in goods passes from the seller to the buyer for a price. A 'bailment' is a transaction under which goods are delivered by one person (the bailor) to another (the bailee) for some purpose, upon a contract that they be returned or disposed of as directed after the purpose is accomplished (Section 148 of the Indian Contact Act, 1872). The property in the goods is not intended to and does not pass on delivery though it may sometimes be the intention of the parties that it should pass in due course. But where goods are delivered to another on terms which indicate that the property is to pass at once the contract must be one of sale and not bailment.
Topics: Sale of Goods Act, 1930
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