Kavish owns a valuable painting and wants to store it securely while he is away on vacation. He approaches a storage facility and enters into a contract of bailment with them. In the given situation who retains ownership of the painting?
The bailor (Kavish)
The bailee (storage facility)
Both the bailor and bailee
None of the above
In a contract of bailment, ownership of the property remains with the bailor. In this scenario, Kavish is the bailor and retains ownership of the painting even though it is in the custody and control of the bailee (storage facility). Hence correct option is a.