The word Bailment is derived from the word “bailler” which means ‘to deliver’ originally it means ‘handing over’. In legal sense, it involves change of possession of goods from one person to another for some specific purpose .e.g. a bailment for the repair of an item when the owner is paying to have the repair accomplished. The process of bailment is nothing but an agreement of trust that involves two parties and delivery of goods from one to another. The delivery of goods does not mean delivery of ownership rights, the receiver has possession over the goods but does not possess ownership rights over the goods delivered.
According to Section 148-181of Indian Contract Act 1872 deals with general rules relating to Bailment.