144. The four types of bailment for valuable consideration.

There are four types of bailment for valuable consideration:

  1.  

    (1)     hire of custody, in which possession of a chattel is transferred temporarily with the object of transferring custody1;

  2.  

    (2)     hire of work and labour, in which one of the two contracting parties undertakes to do something to a chattel, for example, to carry it or repair it, in consideration of a reward to be given to him

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