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Give some examples of bailment and pledge of real life situation?
Wiki User
∙ 12y ago
Examples of Bailment
i) hiring scooter
ii)handing over mobile for repair
and
Example of Pledge
ii) X borrows Rs.5000 from Y and keeps his bike as security
hope that helps
Wiki User
∙ 12y ago
- Bailment: A person leaves their car at a mechanic's shop for repair. The mechanic would be considered the bailee in this situation.
- Pledge: A person takes out a loan and uses their jewelry as collateral. The lender would hold the jewelry as security until the loan is repaid.
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What is tortuous bailment?
A tortuous bailment refers to a situation where a bailment is formed but the bailee acts in a negligent or wrongful manner, causing harm or loss to the bailor's property. This can give rise to a legal claim for damages or liability against the bailee for their actions or omissions.
How do you cite a situation?
When citing a situation in a report or paper, provide specific details such as the date, location, and individuals involved. Use an appropriate citation format according to the style guide you are following (e.g., APA, MLA). Remember to give credit to the original source if the situation was found in a publication or online resource.
What are court chronicles give examples?
Court chronicles are historical records kept by royal courts that document events such as political activities, ceremonies, and battles. Examples include "The Anglo-Saxon Chronicle" in England, "The Annals of the Four Masters" in Ireland, and "The Annals of Ulster" in Scotland. These chronicles provide valuable insights into the political and social history of the time period they cover.
Can you give three examples of aspects that are covered by sex discrimination law?
Sex discrimination law may cover aspects such as employment discrimination based on gender, unequal pay based on sex, and discrimination in educational opportunities.
In most cases, reviewers should?
use quotations that support or contrast with a clearly stated opinion.
What is tortuous bailment?
A tortuous bailment refers to a situation where a bailment is formed but the bailee acts in a negligent or wrongful manner, causing harm or loss to the bailor's property. This can give rise to a legal claim for damages or liability against the bailee for their actions or omissions.
Could you give me some examples of slogan on dengue prevention?
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Can you give me a sentence using the word pledge?
a pledge is a promise to do or not to do something so use a sentence making a promiseex#1:i pledge i will clean my roomex#2:i pledge to wash the dishesHOPE I HELPED!!!!!
What is the difference between mortgage and pledge and Hypothecation?
MORTGAGE: mortgage as "the transfer of interest in specific immovable property for the purpose of securing the payment of money, advanced or to be advanced by way of loan, an existing or future debt, or the performance of an engagement which may give rise to a pecuniary liability". The transferor is called the 'mortgagor,' the transferee is a 'mortgagee'. The principal money and interest thereon, the payment of which is secured are called the 'mortgage money'. PLEDGE : pledge as "bailment of goods as security for payment of a debt or performance of a promise". The person who offers the security is called 'pawner' or 'pledger' and the bailee is called the 'pawnee' or 'pledgee'. In case of pledge: There should be bailment of goods; and The objective of the bailment should be to hold the goods as security for the payment of a debt or the performance of a promise. The bailment should be on behalf of a debtor or an intending debtor. The pawner or pledger remains the owner of the property except to the extent of interest which rests with the pledge because of the loan borrowed from the bank. There is actual or constructive delivery of goods. Pledge is not created in respect of future goods. The goods must be specific and be capable of identification. The goods must be in possession of pledgee. Otherwise there is no pledge. Pledge agreement may be oral or implied. HYPOTHECATION: Hypothecation is a charge against property for an amount of debt where neither ownership nor possession is passed to the creditor. Hypothecation is a charge against movable property. The goods will, unlike a pledge, be retained by the borrower and be in the borrower's possession. The borrower gives only a letter stating that the goods are hypothecated to the banker as security for the loan granted. There will be no transfer of the property to the borrower. Features: It is an equitable charge created against immovable property. Neither the possession nor the ownership of the property is transferred to the banker. The contents of the letter of hypothecation determine the rights of the banker. The banker has the right to take possession of the property (if there is default) and sell the hypothecated goods to realize his dues. If selling rights are not incorporated in the letter, the banker has to approach a court of law to recover the dues against the hypothecated property. Hypothecated goods can be sold any time to the genuine purchaser for value without the knowledge of the banker or the hypothecated property can be pledged to another person provided the pledgee has no knowledge of the previous hypothecation.
What feedback mechanisms would develop from proactive planning?
What is an ineffectual way of deploying this business plan? Give some examples of what not to do in this situation
What are synonyms for the word devote?
dedicate, pledge, give, donate, allot
What pledge does casca give to Cassius?
Casca pledges to work with Cassius.
How well do you function under pressure?
This is usually an interview questions. You should give examples of situations where you faced a stressed situation and came out ahead.
What is the biblical meaning of pledge?
The transfer of possession of personal property from a debtor to a creditor as security for a debt or engagement; also, the contract created between the debtor and creditor by a thing being so delivered or deposited, forming a species of bailment; also, that which is so delivered or deposited; something put in pawn., A person who undertook, or became responsible, for another; a bail; a surety; a hostage., A hypothecation without transfer of possession., Anything given or considered as a security for the performance of an act; a guarantee; as, mutual interest is the best pledge for the performance of treaties., A promise or agreement by which one binds one's self to do, or to refrain from doing, something; especially, a solemn promise in writing to refrain from using intoxicating liquors or the like; as, to sign the pledge; the mayor had made no pledges., A sentiment to which assent is given by drinking one's health; a toast; a health., To deposit, as a chattel, in pledge or pawn; to leave in possession of another as security; as, to pledge one's watch., To give or pass as a security; to guarantee; to engage; to plight; as, to pledge one's word and honor., To secure performance of, as by a pledge., To bind or engage by promise or declaration; to engage solemnly; as, to pledge one's self., To invite another to drink, by drinking of the cup first, and then handing it to him, as a pledge of good will; hence, to drink the health of; to toast.
Can I use pledge to shine a fake leather ottoman coffee table?
Yes, pledge works very well on fake leather and will give it a good shine. Apply pledge to a cloth and rub on the surface of the leather with circular motions.
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pretty much everything that is an electrical appliance: TV cooker computer etc...etc
Who give the pledge at the time of appointment of president of India?
the chief justice of supreme court
