According to the nature of bailment, it may be categorized as under:
On the basis of benefit: On the basis of benefit, bailment may be classified into three types:
a. Bailment for the exclusive benefit of bailor: where the bailor leaves goods in the safe custody of the bailee without any compensation to be paid e.g. goods are delivered to a neighbor or someone else for safe custody without any charge.Example: ‘A’ wants to send his cow to his brother ‘B’. He requests ‘C’ to do this job, and ‘C’ does so. This is a bailment for the exclusive benefit of ‘A’.
b. Bailment for the exclusive benefit of bailee: Where the bailee receives goods for his own need or benefit without or does not compensate the bailor for it. For example Delivery of motorcycle to a friend to go somewhere.
c.Bailment for the mutual benefit of bailor and bailee: It is the most common type of bailment, the bailor delivers the goods to the bailee for some purpose and either he or the bailee gets the compensation for it. For example; Delivery of motorcycle to a mechanic for repair.
On the basis of reward: On the basis of reward, bailment may be classified into two types:-
a.Gratuitous bailment: It is one in which neither the bailor nor the bailee is entitled to any remuneration, e.g. depositing of goods for safe custody without any charge. “Naso” is popular in Nepalese society as gratuitous bailment. Example; X provides a book to his friend Y for reading without charge. This is a gratuitous bailment.
b. No gratuitous bailment: It is also called as a bailment for reward. Here, either the bailor or bailee is entitled to remuneration, e.g. motorcar let out for hire, cloth given for tailoring for charges.