Confusing Concept: 'Bailment' in Evidence Act

Yaar, have you guys ever felt like textbooks confuse more than they clarify? I'm struggling to understand the concept of bailment in Evidence Act. Textbooks just describe it in abstract terms, without giving a clear example. Can someone explain how bailment works in real-world scenarios? Like, let's say I rent a bike from a friend. Is that a bailment? If so, what happens if the bike is stolen or damaged? I know it sounds like a simple example, but I just can't wrap my head around it.

Please share your understanding or an example that's easy to grasp. Help a student out!