“Bailment” “bailor” and “bailee” defined 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 them. The person delivering the goods is called the “bailor”.

Liability of co-sureties bound in different sums —Co-sureties who are bound in different sums are liable to pay equally as far as the limits of their respective obligations permit.Illustrations(a) A, B and C, as sureties for D, enter into three several bonds, each in a different penalty, namely, A in the penalty of each10,000 rupees,

Co-sureties liable to contribute equally Where two or more persons are co-sureties for the same debt or duty, either jointly or severally, and whether under the same or different contracts, and whether with or without the knowledge of each other, the co-sureties, in the absence of any contract to the contrary, are liable, as between

Implied promise to indemnify surety In every contract of guarantee there is an implied promise by the principal debtor to indemnify the surety, and the surety is entitled to recover from the principal debtor whatever sum he has rightfully paid under the guarantee, but, no sums which he has paid wrongfully.Illustrations(a) B is indebted to

Guarantee on contract that creditor shall not act on it until co-surety joins —Where a person gives a guarantee upon a contract that the creditor shall not act upon it until another person hasjoined in it as co-surety, the guarantee is not valid if that other person does not join. Practice area’s of B K

Guarantee obtained by concealment invalid Any guarantee which the creditor has obtained by means of keeping silence as to material circumstances, is invalid.Illustrations(a) A engages B as clerk to collect money for him. B fails to account for some of his receipts, and A in consequence callsupon him to furnish security for his duly accounting.