I. On the basis of the benefit derived by the parties :
1. Bailment for the benefit of the bailor alone:
Where a person delivers his goods for safe custody with his relatives or friends without any reward. For example, A while going out of station, leaves his scooter with his friend, B, for safe custody.
2. Bailment for the benefit of the bailment alone:
ADVERTISEMENTS:
Where goods are lent for the use of friends and relatives. For example, A borrows B’s books for a week.
3. Bailment for the mutual benefit of both the bailor and the bailee:
Where goods are bailed for reward or some consideration then the bailment is for the benefit of both the parties.
Example:
ADVERTISEMENTS:
(1) A hires a taxi from B.
(2) A gives his radio for repair to a radio dealer.
II. On the basis of reward or consideration :
1. Gratuitous Bailment:
ADVERTISEMENTS:
A bailment without any reward or consideration is called gratuitous bailment. For example, A while going out of station, leaves his cycle with his friend B. B is not to get any reward in this case.
2. Non-gratuitous Bailment:
A bailment for reward or hire is a non-gratuitous bailment. For example, A gives his watch for repair.