Uma
asked
0
0
Answer Now
Comment
Report
4
Answers
narahari
answered
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.
Important Note – Preparing for CA Final?
CAKART provides Indias top faculty each subject video classes and lectures – online & in Pen Drive/ DVD – at very cost effective rates. Get video classes from CAKART.in. Quality is much better than local tuition, so results are much better.
Watch Sample Video Now by clicking on the link(s) below –
For any questions Request A Call Back
CA Sandeep Bohra
answered
-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
**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
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,
