alleryDepositing ornaments in a bank locker to which the customer keeps the key is:
AA contract of guarantee
BNot a bailment, since possession does not pass to the bank
CA pledge
DA gratuitous bailment
Answer & Solution
Correct answer: B. Not a bailment, since possession does not pass to the bank
There is no bailment because possession of the ornaments does not pass to the bank
the goods remain in the owner's possession as he holds the key.
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