BAILMENT
This query is : Resolved
Guest
Guest
(Querist)
19 March 2011
IS THE FOLLOWING STATEMENT TRUE
Deposit of money in a Bank amount to Bailment.
Deposit of money in a Bank amount to Bailment.
19 March 2011
No. Deposit of money in a bank does not amount to bailment as the relationship is that of borrower and lender.
See the answer in ICAI suggested answer from below link.
http://www.icai.org/resource_file/18719comp_suggans_pcc_lec_ch1.pdf
See the answer in ICAI suggested answer from below link.
http://www.icai.org/resource_file/18719comp_suggans_pcc_lec_ch1.pdf
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