Home › CA Foundation › businesslaw › Bailment and Pledge › Depositing ornaments in a bank locker to which t…
Depositing 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.
Related questions
Under Section 178A, where the pawnor obtained the goods under a contract voidable for frauUnder Section 177, after default the pawnor's right to redeem the pledged goods:Under Section 176, if the pawnor defaults, the pawnee may sue on the debt and retain the gUnder Section 172, a pledge is the bailment of goods as security for:Which statement about general versus particular lien is correct?The right of general lien under Section 171 is available to:A particular lien under Section 170 entitles the bailee to:Under Section 169, a finder of a thing commonly sold may sell it (where the owner cannot b