LAW OF CONTRACTS : ADAPTABILITY AND ERRATA IDENTIFICATION

AUTHOR – ADITI PAUL, STUDENT AT SYMBIOSIS LAW SCHOOL, PUNE

BEST CITATION – ADITI PAUL, LAW OF CONTRACTS : ADAPTABILITY AND ERRATA IDENTIFICATION, ILE LEX SPECULUM (ILE LS), 1 (1) OF 2023, PG. 347-354, APIS – 3920 – 0036 | ISBN – 978-81-964391-3-2.

Abstract

The contract of bailment has been one of the most common form of transactions since time immemorial, from lending and borrowing goods in everyday life to the more expensive forms such as lease and tenancy, all are governed by a singular law which decides the laws and liabilities of the parties involved. Legally described in section 148 of the Indian Contract Act, 1872, bailment is described as the delivery of goods from one person to another usually for a specified period of time. This consist of a bailor and bailee and each their rights and duties have been inked from sec 151 to159. However, in this paper, we will be focusing on the duties of the bailee and indirectly explaining the rights of the bailor as one person’s right is the duty of another. This shall be explored in a threefold manner by establishing, evaluating and making an erratum of the respective provisions of this Act.

Keywords – Bailor, Bailee, Gratuitous bailment, liability, comparison