Chalo Le Chalein Tumhein Taaron Ke - Jubin Nautiyal, Neha Kakkar | Lyrics | Mp3 Download

Title Name  - Taaron Ke Shehar Cast/Starring - Neha Kakkar & Sunny Kaushal Singer Name - Jubin Nautiyal And Neha Kakkar Lyr...

What is Difference Between Pledge and Bailment

Basic Difference of pledge and Bailment

Pledge

  1. Section - it is delt with 172 of the ACT.
  2. Meaning - bailment of goods as security for the payment of a debt or performance .
  3. Purpose - the purpose of pledge is repayment of debt or performance of promise. 
  4. Right to Dispose of - the pledge can sell the goods after giving reasonable notice. 
  5. Lien - lien can be exercised even for non payment of interest.
  6. Right To Use Goods - a Pawnee is not entitled to use the goods. 

Bailment

  1. Section - it is deal with 148.
  2. Meaning - bailemnt means the delivery of goods ny one person to another for some purpose..
  3. Purpose - the purpose of bailment is very wide eg safty custody repair etc.
  4. Right to Dispose of - the bailee cannot sell the goods.
  5. Lien - bailment can be excercised only for labour.
  6. Right To Use Goods - bailee can use the goods if contract so provides.


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