A finder of lost goods can sell the goods :
Both (A) and (B)
Sec. 169 of the Indian Contract Act, 1872 provides that when a thing which is commonly the subject of sale is lost, if the owner cannot with reasonable diligence be found, or he refuses upon demand to pay the lawful charges of the finder, the finder may sell it in two cases:
(1) when the thing is in danger of perishing or of losing the greater part of its value; or (2) when the lawful charges of the finder in respect of the thing found amount to two-thirds of its value.
Both conditions independently entitle the finder to sell, so both the perishable-nature ground and the expenses exceeding two-thirds of value are valid.
Hence, the answer is Both (A) and (B).
Similar Questions
In bank guarantee, the number of parties involved in the agreement are ..................... .
Unless there is .................., there can be no contract.
Which one of the following is not an essential element of a valid contract as per section 10 of Indian Contract Act ?
The finder of goods has a right of .................... over the goods for his expenses.
Which of the following is not an example of implied consent for discharge of contract ?
Which among the below is essential for a valid contract of agency ?
Read Assertion (A) and Reason (R) and with the help to codes given below, point out the correct explanation :
Assertion (A) :
An acceptance is to a proposal what a lighted match is to a train of gunpowder.
Reason (R) :
Acceptance converts the offer into a promise and then it is late to remove.
Breach of contract can result in for :
A supplies the wife and children of B, a lunatic, with necessaries suitable to the style of their living. Whether A can claim the reimbursed from B’s property under which section of certain relations resembling those created by contract ?
The right of the power to redeem back the goods pledged continued till :
Important Questions from Indian contract acts, 1872
Which is the term used for a contract where both the parties to the contract have fulfilled their obligations under the contract?
As per Section 73 of the Indian Contract Act, 1872, in estimating the loss or damage arising from a breach of contract, what must be taken into account?
As per the Indian Contract Act, 1872, the revocation of a continuing guarantee by the death of a surety operates:
In bank guarantee, the number of parties involved in the agreement are ..................... .
Unless there is .................., there can be no contract.
