Bailment means
Verified Answer
A. The goods delivered to be returned by way of an equivalent in money
B. The goods delivered to be returned by way of an equivalent in other commodities
C. The goods delivered by one person to another for some purpose to be specifically returned or otherwise disposed of as per the order of bailor
D. All of the above
Explanation:
Section 148 of the Indian Contract Act, 1872, defines bailment as "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." Options (A) and (B) describe a sale or exchange, not bailment, as bailment requires the return of the same goods.