Question

When goods are delivered by one person to another for some purpose upon a contract that they shall, when the purpose is accomplished, be returned according to the direction of the person delivering them, the transaction is called ______.

• A. Custody
• B. Pawn
• C. Mortgage
• D. Bailmet

Hint:

Bailment governs the temporary transfer of goods, often misspelled as "Bailmet" in this context.

Answer 1

The Correct Option is D

To determine the correct term for the described transaction:
1. The transaction described matches the definition of bailment under the Indian Contract Act, 1872, where goods are delivered for a specific purpose with the condition of return or disposal as directed by the bailor.
2. However, the option lists "Bailmet" (likely a typo for "Bailment"). Assuming "Bailmet" is intended to mean "Bailment," it is the correct term.
3. Custody is mere possession, pawn is a type of bailment for security, and mortgage involves property transfer, none of which fully apply.
4. Given the context, "Bailmet" is accepted as the intended correct answer based on the exam's options.
Therefore, the correct answer is (4) Bailmet.