https://www.taxtmi.com/acts?id=7210 A bailment arises when goods are delivered to another for a purpose under a contract that they be returned or disposed of per the deliverer's directions; the deliverer is the bailor and the recipient the bailee. Where a person already in possession agrees to hold goods as a bailee, that contractual agreement makes them the bailee and the owner the bailor, notwithstanding absence of a new physical delivery. en-us Sat, 19 Jan 2008 22:45:54 +0530 Thu, 20 Mar 2025 17:27:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=7210 A bailment arises when goods are delivered to another for a purpose under a contract that they be returned or disposed of per the deliverer's directions; the deliverer is the bailor and the recipient the bailee. Where a person already in possession agrees to hold goods as a bailee, that contractual agreement makes them the bailee and the owner the bailor, notwithstanding absence of a new physical delivery. Act-Rules Indian Laws Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=7210