There are different types of bailment based on the nature of the transaction and the purpose of the bailment. Some of the common types of bailment include:
- Gratuitous bailment: This type of bailment occurs when the bailor delivers the property to the bailee for safekeeping without any consideration or compensation. For example, lending a book to a friend.
- Non-gratuitous bailment: This type of bailment occurs when the bailee receives the property for a fee or other form of consideration. For example, renting a car.
- Bailment for mutual benefit: This type of bailment occurs when both the bailor and bailee derive some benefit from the transaction. For example, a jeweler who agrees to clean and polish a customer’s jewelry for a fee.
- Bailment for the sole benefit of the bailor: This type of bailment occurs when the bailor delivers the property to the bailee for a specific purpose, such as repair or storage, and only the bailor benefits from the transaction. For example, leaving a car at a repair shop.
- Bailment for the sole benefit of the bailee: This type of bailment occurs when the bailee receives the property for their own use or enjoyment, and the bailor derives no benefit from the transaction. For example, borrowing a book from a library.
- Bailment for safekeeping: This type of bailment occurs when the bailor delivers the property to the bailee for safekeeping, and the bailee is responsible for returning the property to the bailor upon request. For example, leaving valuables in a safe deposit box.
- Bailment for transportation: This type of bailment occurs when the bailee is entrusted with the property for the purpose of transportation. For example, shipping goods by a courier service.
