Pledge
and Bailment can be distinguished as follows:-
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Pledge
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Bailment
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1.
Pledge is a species of bailment.
2. Pledge is defined under Section
172 of the Contract Act.
3.
A pledge is bailment of goods as
security for payment of a debt or performance of a promise.
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1.
Bailment is a genus.
2. Bailment is defined under section
148 of the Contract Act.
3. In bailment goods are delivered
by the bailor to the bailee for some purpose upon a contract that they shall,
when the purpose is accomplished, be returned or otherwise disposed of
according to the direction of the bailor.
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Courtesy:- Legal Point Foundation
3 comments:
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Difference between Bailment and Pledge
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Really it is very useful for us..... the information that you have shared is really useful for everyone.
I am also business study blogger . i have also some articles about Business Environment please visit once and give me some feedback. Thank You.
Features of Business Environment
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