DUTIES or RESPONSIBILITIES or LIABILITIES
of the BAILOR :-
Following are the important duties and
liabilities of the bailor :
1. Explain the Defect :-
It is the basic duty of the bailor that he should
disclose all the defects of the goods before
delivering to bailee. If the bailor does not
disclose then he himself will be responsible for
loss.
Example :- Mr. Wands hires a car from Mr.
Zane. Car is defective. Mr. Zane does not
disclose facts that car is defective. Mr. Wands
drives a car and he is injured. Mr. Zane is
responsible to Mr. Wands for damage.
2. Warning to the Bailee :-
If a bailor feels that bailee is showing
carelessness and goods are in danger. He
should give warning to the bailee.
3. Payment of Necessary Expenses :-
It is the duty of the bailor that he should also
pay necessary expenses sustained by the bailee
connection with the bailment.
4. To Indemnify The Bailee :-
It is the duty of the bailor that he should
compensate the loss of bailed which he has
suffered due any one of the following reasons :
a. The bailor was not entitled to make the
bailment.
b. The bailor was not entitled to give direction
in this respect.
c. The bailor was not entitled to receive back
the goods.
IMPORTANT RIGHTS OF BAILOR :-
Following are the important rights of bailor :
1. Right of Return :-
As the purpose of bailment completes bailor
has a right to take back the goods bailed. If
bailee fails to return then bailor has a right to
claim for compensation.
2. Return Before Time :-
With the consent of the bailee the bailor may
return his goods before the specified period.
3. Right of Termination :-
The contract of the bailment can be terminated
by the bailor if the goods bailed are misused
or against the conditions of the contract.
4. Right of Profit :-
The bailor has right to get profit from the
goods bailed according the conditions of the
contract.
5. Gratuitous Good Right Of Return :-
In case of gratuitous bailment the bailor has a
right to terminate the contract at any time. If
bailee cause a loss it may be compensated to
the bailor.
SUFHAA is a Coaching and Guidance Institute for Business students and Competitive Exams Aspirants. Our mission is to infuse a sense of competition among the students and prepare them to face various exam components like Quantitative Aptitude, English Comprehension and Reasoning & Logical Ability.
Monday, 15 July 2013
Rights and Duties of Bailor
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