March 10, 2024

Right of finder of goods, may sue for specific reward offered The finder of goods has no right to sue the owner for compensation for trouble and expense voluntarily incurred by him to preserve the goods and to find out the owner; but he may retain the goods against the owner until he receives such […]

Right of third person claiming goods bailed —If a person, other than the bailor, claims goods bailed he may apply to the Court to stop the delivery of the goods to the bailor, and to decide the title to the goods Practice area’s of B K Goyal & Co LLP Income Tax Return Filing |

Bailee not responsible on re-delivery to bailor without title —If the bailor has no title to the goods, and the bailee, in good faith, delivers them back to, or according to the directions of, the bailor, the bailee is not responsible to the owner in respect of such delivery Practice area’s of B K Goyal

Bailment by several joint owners If several joint owners of goods bail them, the bailee may deliver them back to, or according to the directions of, one joint owner without the consent of all in the absence of any agreement to the contrary. Practice area’s of B K Goyal & Co LLP Income Tax Return

Bailor’s responsibility to bailee. The bailor is responsible to the bailee for any loss which the bailee may sustain by reason that the bailor was not entitled to make the bailment, or to receive back the goods, or to give directions respecting them Practice area’s of B K Goyal & Co LLP Income Tax Return

Bailor entitled to increase or profit from goods bailed In the absence of any contract to the contrary, the bailee is bound to deliver to the bailor, or according to his directions, any increase or profit which may have accrued from the goods bailed.IllustrationA leaves a cow in the custody of B to be taken

Termination of gratuitous bailment by death A gratuitous bailment is terminated by the death either of the bailor or of the bailee. Practice area’s of B K Goyal & Co LLP Income Tax Return Filing | Income Tax Appeal | Income Tax Notice | GST Registration | GST Return Filing | FSSAI Registration | Company

Bailee’s responsibility when goods are not duly returned If, by the default of the bailee,the goods are not returned, delivered or tendered at the proper time, he is responsible to the bailor for anyloss, destruction or deterioration of the goods from that time Practice area’s of B K Goyal & Co LLP Income Tax Return

Return of goods bailed, on expiration of time or accomplishment of purpose It is the duty of the bailee to return, or deliver according to the bailor‟s directions, the goods bailed, without demand, assoon as the time for which they were bailed has expired, or the purpose for which they were bailed hasbeen accomplished Practice

Restoration of goods lent gratuitously The lender of a thing for use may at any time require its return, if the loan was gratuitous, even though he lent it for a specified time or purpose. But if, on the faith of such loan made for a specified time or purpose, the borrower has acted in