Permission to leave chattels on another's land does not without more constitute a bailment; it may be a mere licence without assumption of liability for safekeeping. A gratuitous bailee of sealed containers is not liable for the contents unless given reasonable notification of their general quality and value. The onus in gratuitous bailment is on the bailee to prove the goods were lost without negligence. For bankruptcy set-off under s 86, a contingent surety obligation is properly valued at nil where the principal debt has been settled at nil, even if the obligation was greater at the commencement of bankruptcy.
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