Uma
asked over 3 years ago
narahari
answered about 3 years ago
A trustee becomes the owner of the trust property whereas the bailee does not become the owner of the bailed property. The obligation of bailee is legal, whereas that of a trustee is equitable. A bailment may be only in respect of movable property whereas trust can be created both the respect of movable property as well as immovable property.
CA Sandeep Bohra
answered about 3 years ago
-A trustee becomes the owner of the trust property whereas the bailee does not become the owner of the bailed property. -The obligation of bailee is legal, whereas that of a trustee is equitable. -A bailment may be only in respect of movable property whereas trust can be created both the respect of movable property as well as immovable property. -In a bailment, generally property comes back to the bailer, whereas in a trust, generally property doesn’t come back to the author. -The distinction between trust & bailment is well evidenced in the dealings that a trustee & bailee may have with third parties. A trustee may pass the property on to an innocent third party purchaser. A bailee cannot pass any proprietary title on becouse a bailee only holds a possessary title. Furthermore, a bailment can only arise with respect to personal property, whereas a trust can be created over real or personal property.
lochan
answered over 3 years ago
**TRUST AND BAILMENT** Trust-- The trustee becomes the owner of the trust property. Bailment--The bailee does not become owner of bailed property. Trust--The trustee has an equitable right of the trust property. Bailment-- The bailee has a legal right. Trust-- it can be created in respect of movable as well as immovable property Bailment-- it arises only with respect of movable property. Trust--the property does not come back to author in normal situation. Bailment-- In bailment the property comes back to the bailor normally. Thanks
Jitendra Suthar
answered over 3 years ago
Hiiii friend.... Difference Between Trust and Bailment: -------------------------------------- * A trustee becomes the owner of the trust property whereas the bailee does not become the owner of the bailed property. * The obligation of bailee is legal, whereas that of a trustee is equitable. * A bailment may be only in respect of movable property whereas trust can be created both the respect of movable property as well as immovable property. * In a bailment, generally property comes back to the bailer, whereas in a trust, generally property doesn’t come back to the author. Regards,
