Abstract:
The principle and nature of contracts of bailments in Nigeria have been the subject of legal analysis and debate. In Nigeria, contracts of bailment are an essential component in business dealings. Bailment refers to the transfer of property from a bailor to a bailee, who gives up temporary possession but retains ownership of the asset. This article provides a comprehensive examination of the nature and scope of contracts of bailments in Nigeria by providing a thorough analysis of the practical implications surrounding this essential aspect of law. The concept of contract of bailment is essentially to regulate the relationship between bailors and bailees, which impacts a wide range of transactions and interactions across various sectors. This research explores the provisions of bailment laws in Nigeria, it provides an understanding on the legal concept of bailment, its application, and implications and it makes recommendation within the Nigerian legal framework.
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