What is the term for a contract where one party delivers goods to another for a specific purpose, under the condition that the goods will be returned or otherwise handled as directed by the person who delivered them once the purpose is fulfilled?

Explanation

Bailment refers to a contract in which goods are handed over by one party to another for a particular purpose, with the understanding that the goods will be returned or disposed of according to the instructions of the person who delivered them after the purpose is completed. This distinguishes it from indemnity, which involves compensation for loss, and contingent contracts, which depend on uncertain future events.