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Monday, 9 May 2016

Contracts of bailment and pledge


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 it

bailor is delivering the good

bailee whom goods are delivered



The bailment of goods as sequrity for payment of a debt or performance of a  promise is called a pledge. its also known as pawnee

I pledge that good will be deliver in good condition
also the good be safe in hands of me

 

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