Comparative Analysis of Risk and Liabilities in Contract of Bailment Vs. Sale of Goods Act

Intending to offer a comprehensive comparative analysis of risk and liabilities in contracts of bailment and contracts governed by the Sales of Goods Act and the Indian Contract Act 1872, this research paper aims to analyse the topic mentioned above. This study delves into two analytical issues by examining relevant legal concepts, case laws, and practical implications. Firstly, this paper aims to explore practical steps that parties involved in business transactions can take to strategically manage and limit risks and liabilities associated with different types of contracts. In addition, this paper delves into how contracts of bailment and contracts regulated by the Sales of items Act determine the responsibility for loss or damage to transferred items, considering the factors that impact this distribution.