Section 148 - "Bailment", "bailor" and "bailee" defined - Indian Contract Act, 1872

CHAPTER IX OF BAILMENT Bailment , bailor and bailee defined. 148. A bailment is the delivery of goods by one person to another for some purpose, upon a contract that they shall, when the purpose is accom plished, be returned or otherwise disposed of according to the directions of the person delivering them. The person delivering the goods is called the bailor . The person to whom they are delivered is called the bailee . Explanation: If a person already in possession of the goods of another contract to hold them as a bailee, he thereby becomes the bailee, and the owner becomes the bailor, of such goods, although they may not have been delivered by way of bailment.