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ii)
The goods which are in possession of the True Owner
should have a clear title and valid documents.
WHO CAN MAKE A VALID PLEDGE:- Ordinarily he should be the
owner of the goods, or any person authorised by him in that
behalf who can pledge the goods. If a servant has the custody
assistance of the Bank. The Hirer has to operate the locker only
within the Banks time but the bank has no such limitation
CONCLUSION:- Keeping in view the above stated facts and the
gist of the decisions of the Courts it is noticed that the goods
are to be returned to their original owner after the purpose is
accomplished or they are to be disposed of as per the
directions of the Bailor in same condition as these were bailed.
iv)
Right to sell the goods found:- Finder of the goods
has the right to sell the goods found by him under certain
circumstances provided in section 169 of the act with a
reasonable notice mentioning the intention to sale the goods
found.
BAILMENT
Bailment is a genus.
Bailment is a delivery of goods by one person to another for
some purpose upon a contract.
In the contract of bailment after the accomplishing of the
purpose the goods are to be returned or otherwise disposed of
according to the directions of the Bailor.
CONCLUSION:- In Pledge which a kind of bailment and also to
be considered as security for the debt of the creditor. It is also
essential in the Pledge that there must be delivery of the
moveable goods. Whereas in the contract of bailment there is a
delivery of goods by one person to another for some purpose
and when the purpose is accomplished the goods are to be
returned or to disposed of as per the directions of the Bailor.
10. Explain the Rights and the Duties of BAILEE.
INTRODUCTION: - Bailee is one of the most important character
of the Bailment Contract. Bailee is of that to whom the goods
are delivered by the Bailor with some directions and to
complete some certain purpose. Bailee receives only the
moveable things and he has to returned the goods which he
receives after accomplishing the purpose or he has to disposed
of that things with the directions of the owner of that goods.
RIGHTS OF BAILEE:- Under the provisions of Indian Contract Act
1872, the following are the rights to the bailee in Bailment
contract:1. RIGHT TO RECOVER NECESSARY EXPENSES INCURRED ON
BAILMENT:- According to section 158 of the Act when a contract
of bailment is made some remuneration is to be paid to the
bailee for the services he renders in respect of them. So he has
the right to recover the same. In case of gratuitous of bailment