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Introduction to Debentures

Voluntary tra...

Question

Voluntary transfer of possession by one person to another without transferring the ownership is known as ____________.

A

Bailment

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B

Delivery

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C

Possession

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D

Transfer

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Solution

The correct option is A Bailment
Bailment is another type of special contract. Since it is contract, naturally all basic requirements of contract are applicable - Baliment means act of delivering goods for a specified for a specified purpose on trust that the goods are to be returned after the purpose is over.

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