New Click here to Enroll for SIDBI MSME Expert Class by ex-GM, SBI on Nov 24

    Register

    Question

    As per the Contract Act what is the responsibility of a

    person who finds and takes custody of goods belonging to another?
    A They have no legal responsibility for the goods Correct Answer Incorrect Answer
    B They are responsible only for returning the goods to their owner Correct Answer Incorrect Answer
    C They are subject to the same responsibility as a bailee Correct Answer Incorrect Answer
    D They can use the goods as their own property Correct Answer Incorrect Answer
    E They are only required to notify the authorities about the found goods Correct Answer Incorrect Answer

    Solution

    Section: Section 71.   Responsibility of finder of goods: A person who finds goods belonging to another, and takes them into his custody, is subject to the same responsibility as a bailee.

    Practice Next

    Relevant for Exams: