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When in transaction of Bailment comes to an end, the duty of transfer the goods lies upon whom ?
- a)Bailee
- b)Bailor
- c)Bailment
- d)Person
Correct answer is option 'A'. Can you explain this answer?
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Most Upvoted Answer
When in transaction of Bailment comes to an end, the duty of transfer ...
Explanation:
- Definition of Bailment: Bailment is a legal relationship in common law where physical possession of personal property is transferred from one person (the bailor) to another person (the bailee) who subsequently holds possession of the property.
- Duty of Bailee: The bailee has a duty to return the goods to the bailor once the purpose of the bailment has been fulfilled or the agreed-upon time has elapsed.
- Transfer of Goods: When the transaction of bailment comes to an end, the duty to transfer the goods back to the bailor lies upon the bailee. The bailee is responsible for returning the goods in the same condition as they were received, subject to normal wear and tear.
- Legal Responsibility: Failure to return the goods or returning them in a damaged condition may result in legal consequences for the bailee, as they have a legal obligation to take care of the goods entrusted to them during the bailment period.
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When in transaction of Bailment comes to an end, the duty of transfer ...
When in transaction of Bailment comes to an end, the duty of transfer the goods lies upon whom?
Explanation:
Therefore, when the transaction of bailment comes to an end, the bailee is obligated to return the goods to the bailor in the same condition as they were received, unless otherwise specified in the terms of the bailment agreement. The bailee must transfer the goods back to the bailor promptly and safely, ensuring that the goods are not damaged or lost during the transfer process.
Explanation:
- Bailee: The duty of transferring the goods at the end of a bailment lies upon the bailee. A bailee is the person who receives the goods from the bailor for a specific purpose and is responsible for taking care of those goods until the purpose is fulfilled or the bailment comes to an end.
Therefore, when the transaction of bailment comes to an end, the bailee is obligated to return the goods to the bailor in the same condition as they were received, unless otherwise specified in the terms of the bailment agreement. The bailee must transfer the goods back to the bailor promptly and safely, ensuring that the goods are not damaged or lost during the transfer process.
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When in transaction of Bailment comes to an end, the duty of transfer the goods lies upon whom ?a)Baileeb)Bailorc)Bailmentd)PersonCorrect answer is option 'A'. Can you explain this answer?
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