In this paper, the author has explained the definition of Bailment as defined under S. 148of Indian Contract act,1872. The author also explains various essentials necessary to form a contract of Bailment and important precedents surrounding including the four important precedents of Bailment, the authors also discuss the nature of bailment, the responsibilities of the Bailee as mentioned under The Indian Contracts Act, 1872 and also the rights that the bailee has under the Indian Contracts Act.”“The paper further explains the provisions of Section 151 and Section 152 of the Indian Contracts Act, 1872. As the paper proceeds it explains with reference to several case laws the obligations of bailee under the Indian Contracts Act as well as explains the identification of common carriers as well as Air and Sea Carriers, and if the carrier act as a bailee and is responsible for the lost goods.”
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