What are the duties and rights of a pledgor?

A pledgor must disclose to the pledgee any material faults or extraordinary risks in the goods to which the pledgee may be exposed. A pledgor is responsible to meet any extraordinary expenditure incurred by the pledgee for the preservation of the goods.

What are the duties of a bailor and bailee?

DUTIES OF THE BAILEE

• The bailor has the duty to take reasonable care of the goods.
• The bailor has the duty not to use the bailed goods in an unauthorized way.
• The bailor has the duty not to mix his goods with the goods of the bailor.
• The bailee has an obligation to return the goods after the purpose is served.

What are the rights and duties of a bailor?

Duties and Rights of the Bailor

• Duties of the bailor. Duty to disclose faults. Duty to repay bailee’s expenses. Duty to indemnify the bailee.
• Rights of the Bailor. Right to enforce bailee’s performance. Right to claim damages. Right to claim compensation against unauthorized use of goods.

Who is a bailor and bailee?

The person delivering the goods is called the “bailor”. The person to whom they are delivered is called the “bailee’.

What is pledge and what are rights and duties of the pledger and pledgee?

The Pledger has right to get back the goods Pledged after as soon as the payment of debt is made. If Pledgee fails to return, the Pledger can claim for the compensation. 3. Right to claim increase. The Pledger can claim any increase or profit, which may accrued from the Pledged goods.

What is right of Bailee?

The bailee has right to claim proportionate share in mixed goods. According to Section 155 of the Indian Contract Act, 1872, It is the duty of bailee, not to mix the goods bailed with his own goods without the consent of the bailor.

What is the duty of Bailee?

In a contract of bailment, the bailor transfers the goods to the bailee for some purpose, and the bailee is responsible for using the goods bailed according to the purpose of bailment. Section 154 of Indian Contract Act imposes liability on bailee if goods are not used authoritatively.

Who is known as bailor?

A bailor is an individual who temporarily relinquishes possession but not ownership of a good or other property under a bailment agreement. The bailor entrusts possession of the good(s) or property to another individual, known as the bailee.

What is pledge and rights and duties of Pawnor and Pawnee?

The pawnor transfers/bailed his goods to the Pawnee as security for the sum he gets from the Pawnee in the pledge. The pawnor is responsible for paying the sum back to the Pawnee, and the Pawnee is responsible for returning the goods once the pawnor has paid the amount.

What do you understand by pledge explain the rights and duties of Pawnor?

As per section 172 of the Indian Contract Act, 1872, a Pledge is a contract where a person deposits an article or good with a lender of money as security for the repayment of a loan or performance of a promise. Pledge is also known as a pawn.

What is difference between bailor and bailee?

Who is bailor in law?

A bailor is the person who delivers the property. A bailee is the person who receives it. A “constructive” bailment may arise when one engages another to perform some service with respect to one’s personal property and then leaves the property with the other without any instructions as to its disposition.

What are duties of seller?

Duties of seller He should make an arrangement for the transfer of property to the buyer. He should check whether the goods are delivered properly or not. He should give a proper title to the goods which he has to pass to the buyer. He should deliver the goods according to the terms of the agreement.

What are the duties and responsibilities of a seller?

Salesperson Job Description Template

• Greet customers.
• Help customers find items in the store.
• Check for stock at other branches or order requested stock for customers.
• Provide customers with information about items.
• Ring up purchases.
• Elevate complaints to management.
• Keep track of inventory.

Who is bailor and bailee example?

Bailor and Bailee For example, when a person gives the keys to his car to a valet, he is entrusting his car into the valet’s care. The car owner is the bailor, and the valet is the bailee.

What’s a bailor in law?

A bailor is the person who delivers the property. A bailee is the person who receives it. Notes on Use. A “constructive” bailment may arise when one engages another to perform some service with respect to one’s personal property and then leaves the property with the other without any instructions as to its disposition.

Who is bailor in contract?

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”.

Which of the following are the rights of bailor?

The rights of Bailor are as follows :

• Right to claim damages if bailee makes wrongful use.
• Right to claim proportionate share in mixed goods.
• Right to claim return of goods or their loss.
• Right to claim damages due to mixing up of goods.

What is pawn and Pawnee?

172. The bailment of goods as security for payment of a debt or performance of a promise is called “pledge”. The bailor is in this case called the “pawnor”. The bailee is called “pawnee”.

What are the duties and rights of a bailor?

Duties and Rights of Bailor. In case of gratuitous bailment, the bailor is expected to disclose to the bailee all the defects known to him and which would get in the way with the use of goods bailed. A non-gratuitous bailment or bailment for reward, however, carries a greater responsibility on the part of bailor.

What are the duties of a bailee under the law?

Not set adverse title A bailee must not set an adverse title to the goods bailed. 5. Return Goods The duty of the bailee is to return the goods without demand on the accomplishment of the purpose or the expiration of the time period.

What is the duty of the bailor to indemnify the bailee?

It is the duty of the bailor to indemnify the bailee for the cost incurred due to the defective title of goods bailed to the bailee. Explain Bailee’s, Particular Lien?

Can a bailee deny the rights of the bailor?

The bailee cannot deny the rights of the bailor to have the goods and receive them back. The bailor is bound to prove that the other person had a right to goods as against the bailor if he delivers them to person other than the bailor.