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Difference between trust and bailment

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Uma asked over 2 years ago

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 narahari answered over 2 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.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 CA Sandeep Bohra answered over 2 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.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 lochan answered over 2 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

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Open uri20170510 32134 tcchcu?1494421832 Jitendra Suthar answered over 2 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,

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